other material
confidence high
sentiment neutral
materiality 0.60
My Size enters inducement agreement for $4.2M warrant exercise and new warrant issuance
My Size, Inc.
- Holder exercises 2,018,012 existing warrants at reduced $2.09/share; gross proceeds approx. $4.2M.
- Company issues new warrants to purchase up to 5,367,912 shares at $2.09, exercisable after stockholder approval or if not required, immediately.
- H.C. Wainwright acts as placement agent; receives 7% cash fee plus warrants for 141,261 shares at $2.6125.
- Closing expected August 28, 2023; net proceeds used for general corporate purposes.
- New warrants have terms of 5.5 years (2,755,800 warrants) and 28 months (2,612,112 warrants).