MySize raises $2.5M through private placement offering

MySize Inc., a technology and commerce company serving the fashion and retail industries, has raised $2.5 million through a private placement offering. The company sold 1,308,901 shares of common stock or pre-funded warrants at $1.91 per share, with the funds expected to be used for general corporate purposes, including working capital.

The transaction is anticipated to close today, subject to customary closing conditions. H.C. Wainwright & Co. served as the exclusive placement agent for the offering, which includes Series C and Series D warrants with exercise prices of $1.66 per share and terms of five years and 18 months, respectively. MySize's offerings are not registered under the Securities Act of 1933 or applicable state securities laws, and the company has agreed to file a registration statement with the SEC to cover the resale of the unregistered securities issued in the offering.

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