My Size acquires Naiz Fit for $500k cash + 6M shares; expects $1M additional revenue in 2023

My Size, Inc.

Acquired Spain-based Naiz Fit (SaaS sizing tech) for $500k initial cash, 6M shares (~19.9% of MYSZ), plus up to $1.55M in milestone cash.
Naiz Fit customers include Desigual, Moschino, El Ganso; expected $400k revenue in 2022, $1M incremental revenue for MySize in 2023.
Sellers subject to 6-month lock-up and voting agreement; additional cash earn-out tied to revenue targets and key person employment.
Transaction closed Oct 11, 2022; Naiz Fit results consolidated from Q4 2022.
MySize expects synergy from combined SG&A and broader product portfolio; positions as leading measurement tech provider in fashion.

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