Company: MYSZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010830
Chunk: 14

Company: My Size, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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the “Offering Agreement”), with H.C. Wainwright & Co., LLC
(“Wainwright”), pursuant to which the Company may offer and sell, from time to time through Wainwright shares of the
Company’s common stock having an aggregate offering price of up to $4.1
million. The Company is not obligated to make any sales of the shares under the Offering Agreement. The offering of shares pursuant
to the Offering Agreement will terminate upon the earliest of (a) the sale of all of the shares subject to the Offering Agreement
and (b) the termination of the Offering Agreement by Wainwright or the Company, as permitted therein. The Company agreed to pay to
Wainwright a cash commission of 3% of the gross sales price of any shares of common stock sold under the Offering Agreement. As of March 31, 2025, the Company sold 60,589
shares pursuant to the Offering Agreement for aggregate gross proceeds of approximately $142.

Note 9 – Events subsequent to the balance
sheet date 

a.In connection with the Offering Agreement described in note 8. As of May 15, 2025, the Company sold 992,328
shares pursuant to the Offering Agreement for aggregate gross proceeds of approximately $1,995.

b.On May 9, 2025, a newly-formed, wholly-owned subsidiary of the Company, New Percentil,
S.L., a limited liability company incorporated under the laws of Spain (“New Percentil”), entered into a production unit transfer
agreement  with Casi Nuevo Kids, S.L., a limited liability company incorporated under the laws of Spain (“Casi
Nuevo”), pursuant to which New Percentil acquired (the “Acquisition”) a production unit of Casi Nuevo with a trade name
of Percentil  that was judicially awarded to the Company in April 2025 within
the framework of insolvency proceedings of Casi Nuevo filed with Commercial Court No. 13 of Madrid (Spain). The Acquisition was completed
on May 9, 2025.

The Company paid a total transaction
value of 610 euro (approximately $679), consisting of a 40 euro (approximately $45) cash payment and the assumption of certain customer
and labor liabilities and debt and social security payments in the aggregate amount of approximately 570 euro (approximately $634). The
Acquisition was financed through existing cash reserves and does not involve the issuance of additional shares or debt.

The initial accounting for the business