Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 90

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 90
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i) 5,000 shares of restricted
common stock of the Company, (ii) a warrant to purchase 12,500 shares of common stock at an exercise price of $4.00 per share and exercisable
for a term of 36 months from the date of issuance, and (iii) a warrant to purchase 12,500 shares of common stock at an exercise price
of $6.00 per share and exercisable for a term of 36 months from the date of issuance.

The
issuance was approved by the Company’s board of directors in February 2024.

During
the six and three-month periods ended June 30, 2025 and 2024, the Company recorded $0, $0
and $71,
and $0 respectively, as stock-based equity awards with respect to the Consultant.

    12

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)

Note
5 - Contingencies and Commitments

    In
    July 2024, the Company was served with a legal complaint filed by Shimon Shukron in the Magistrate’s Court in Herzliya (the
    “Court”) for a monetary award in an amount of NIS 1,895,345
    (approximately $510).
    The plaintiff alleges that due to the fire that broke out at Orgad’s warehouse in January 2023, the fire spread to the
    plaintiff’s business and caused heavy damage to the structure and contents, inventory of the business and loss of profits. The
    Company filed its statement of defense in September 2024. At this preliminary stage, the plaintiff did not provide sufficient
    documents to support his claims regarding the extent of the alleged damage. In June 2025, the Court appointed a third party
    appraiser to assess the damages. The Company evaluates the claim at a sum of NIS 175,000
    (approximately $51),
    at this stage.

Note
6 – Business Combination

Acquisition
of Percentil

On May 9, 2025, a newly-formed, wholly-owned subsidiary of the Company,
New Percentil, entered into a production unit transfer agreement with Casi Nuevo, pursuant to which New Percentil acquired a production
unit of Casi Nuevo with a trade name of Percentil