Company: MYSZ
Filing Date: 2025-05-12
Form Type: 8-K
Source: 0001641172-25-009587
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Company: My Size, Inc.
Filing Date: 2025-05-12
Form: 8-K
Item: Item 2.01
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Item 2.01      Completion of Acquisition or Disposition of Assets.  

On May
9, 2025, a newly-formed, wholly-owned subsidiary of My Size, Inc, a Delaware corporation (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 (the “ 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 (the “ Production Unit” or “ 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.

Pursuant
to the Agreement, New Percentil acquired the Production Unit, which consists of warehouse infrastructure and equipment, including Percentil’s
central warehouse, process and logistics equipment, including Percentil’s proprietary quality control and picking systems, AI-powered
pricing engine and proprietary garment assessment tools and processes, computer and electronic equipment, including photographic equipment
and content production, equipment for garments and product presentation, supplies and support equipment, inventory and other equipment
and tools. In addition, pursuant to the Agreement, New Percentil was subrogated exclusively in the position of Casi Nuevo in the labor
contracts of 17 former employees of Casi Nuevo, including its chief executive officer and chief marketing officer, who have transferred
to New Percentil in connection with the Acquisition (the “ Percentil Employees”).

The total
purchase price of the Acquisition was €610,806.81 (approximately $679,000), which consists of (i) €40,000 (approximately $44,500)
paid by the Company’s wholly-owned subsidiary, Naiz Bespoke Technologies, S. L., (ii) €358,196 (approximately $398,000) for
the assumption of certain liabilities owed by Casi Nuevo to its customers, (iii) €48,000 (approximately $53,500) for the assumption
of certain debt and social security payments related to the Percentil Employees, and (iv) €164,610 (approximately $183,000) for the
assumption of accrued labor liabilities related to the Percentil Employees