secwatch.observer — SEC 8-K summary
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Issuer:     My Size, Inc. (MYSZ)
CIK:        0001211805
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001493152-22-028221
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1211805/000149315222028221/0001493152-22-028221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1211805/000149315222028221/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-028221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer