other material
confidence high
sentiment neutral
materiality 0.55
My Size enters $10M equity purchase agreement with Square Gate Capital
My Size, Inc.
- Up to $10M of common stock can be sold to Square Gate Capital over 36 months at 96.5% of lowest VWAP (regular puts) or 100% of lowest intraday price (intraday puts).
- Commitment fee of $100,000 paid as 269,229 shares; additional true-up shares may be issued if stock price declines.
- Exchange cap of 1,024,597 shares (19.99% of outstanding) unless stockholder approval or average price above $0.3706.
- Company cannot enter other equity lines during term; standstill periods restrict other equity issuances.
- Registration rights agreement requires filing S-1 within 30 days for resale of shares.