Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 81

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 81
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    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 (approximately
$679), consisting of a €40 (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 (approximately $634). The Acquisition was financed through
existing cash reserves and does not involve the issuance of additional shares or debt.

    7

MY
SIZE, INC. AND ITS SUBSIDIARIES

Notes
to Condensed Consolidated Interim Financial Statements (Unaudited)

U.S.
dollars in thousands (except share data and per share data)

    b.
    Since
                                            inception, the Company has incurred significant losses and negative cash flows from operations
                                            and has an accumulated deficit of $65,386.
                                                          
                                                         The Company has financed its operations mainly
                                            through fundraising from various investors.
     
    The
    Company’s management expects that the Company 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 the date of these financial statements, management
    is of the opinion that there is an uncertainty that its existing cash will be sufficient to fund operations for a period of more
    than 12 months. As a result, there is substantial doubt about the Company’s ability to continue as a going concern.
     
    Management’s
    plans include the continued commercialization of the Company’s products and acquisition of technology, intellectual property
    or businesses and securing sufficient financing through the sale of additional equity securities, debt or capital inflows from strategic
    partnerships. Management is actively looking for additional technology and commercial opportunities that will increase