Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 35

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 public and private offerings of debt and equity securities in the State
of Israel and in the United States

As
of June 30, 2025, we had cash, cash equivalents and restricted cash of $4,282,000 compared to $4,880,000 of cash, cash equivalents and
restricted cash as of December 31, 2024. This decrease primarily resulted from offset by payments that were made to suppliers, resources
that were deployed to grow our businesses and payments related to the New Percentil acquisition.

In January 2025,
we entered into an At The Market Offering Agreement, or the Offering Agreement with H.C. Wainwright & Co., LLC, as agent, or
Wainwright, pursuant to which we may offer and sell, from time to time through Wainwright shares of our common stock having an
aggregate offering price of up to $4.1 million. We agreed to pay Wainwright a commission at a fixed rate of 3.0% of the aggregate
gross proceeds from each sale of the shares under the Offering Agreement. As of June 30, 2025 and from June 30, 2025 through the
date hereof, we sold 1,052,917 shares and 153,783 shares, respectively, pursuant to the Offering Agreement for aggregate gross
proceeds of approximately $2,201,000 and $295,000 respectively.

Cash
used in operating activities amounted to $2,306,000 for the six months ended June 30, 2025, compared to $2,076,000 for the six months
ended June 30, 2024. The increase in cash used in operating activity is derived mainly from the increase in inventory and customers, offsetting the decrease in net loss.

Net
cash used by investing activities was $54,000 for the six months ended June 30, 2025, compared to the $60,000 cash provided for the six
months ended June 30, 2024.

Net
cash provided by financing activities was $1,890,000 for the six months ended June 30, 2025, compared to $2,961,000 for the six months
ended June 30, 2024. The cash flow from financing activities for the six months ended June 30, 2025 resulted from the issuance of shares
during the period.

We
expect that we will continue to generate losses and negative cash flows from operations for the