My Size raises ~$3.26M via warrant exercise inducement; issues new warrants for up to 1.34M shares

My Size, Inc.

Holder exercises 670,989 existing warrants at reduced price of $4.86/share; gross proceeds ~$3.26M.
Issues new warrants to purchase up to 1,341,978 shares at $4.61; exercisable for 5.5 yrs (688,950) and 24 months (653,028).
Outstanding shares increase from 716,142 to 1,387,131 post-transaction (591,989 shares held in abeyance due to beneficial ownership limit).
Net proceeds for general corporate purposes; H.C. Wainwright as placement agent receives 7% cash fee + 1% management fee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

My Size, Inc. entered into Inducement Letter with a certain holder (the "Holder") valued at aggregate gross proceeds of approximately $3.26 million (effective 2024-05-16).

Action: entry
Agreement: equity purchase
Counterparty: a certain holder (the "Holder")
Value: aggregate gross proceeds of approximately $3.26 million
Effective: 2024-05-16

Exact text from the filing

On May 16, 2024, My Size, Inc. (the “Company”) entered into an inducement offer letter agreement (the “Inducement Letter”) with a certain holder (the “Holder”) of certain of the Company’s existing warrants

View on SEC.gov

284 material agreements filed in the last 30 days. Browse all material agreements →

My Size, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-020130

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.