Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 200

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 200
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 from investment in a JV.

Net
cash provided by financing activities was $5,594,000 for the year ended December 31, 2024 compared to net cash of $6,134,000 for the
year ended December 31, 2023. The net cash provided by financing activities for the year ended December 31, 2024 was mainly due to warrant
repricing transaction that was completed in May 2024 and proceeds from warrants that were exercised on December 2024 offset by repayment
of loans in an amount of $735,000.

We
expect that we will continue to generate losses and negative cash flows from operations for the foreseeable future. Based on the
projected cash flows and cash balances as of December 31, 2024, we believe our existing cash will not be sufficient to fund
operations for a period of more than 12 months. As a result, there is substantial doubt about our ability to continue as
a going concern. We will need to raise additional capital, which may not be available on reasonable
terms or at all. Additional capital would be used to accomplish the following:

    ●
    finance
    our current operating expenses;

    ●
    pursue
    growth opportunities;

    ●
    hire
    and retain qualified management and key employees;

    ●
    respond
    to competitive pressures;

    ●
    comply
    with regulatory requirements; and

    ●
    maintain
    compliance with applicable laws.

43

Current
conditions in the capital markets are such that traditional sources of capital may not be available to us when needed or may be available
only on unfavorable terms. Our ability to raise additional capital, if needed, will depend on conditions in the capital markets, economic
conditions, the Russian invasion of Ukraine, the war between Israel and Hamas, and a number of other factors, many of which are outside our control, and on our financial performance. Accordingly, we cannot assure
you that we will be able to successfully raise additional capital at all or on terms that are acceptable to us. If we cannot raise additional
capital when needed, it may have a material adverse effect on our business, results of operations and financial condition.

To
the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities
could result in substantial dilution for our current stockholders. The terms of any securities issued by us in future capital transactions
may be more favorable to new investors, and may