Company: MYSZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023456
Chunk: 67

Company: My Size, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 67
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ii) 241,093 shares of our common stock (having an aggregate value of $290,000, determined by dividing $290,000
by the average closing price of our common stock during the seven trading days immediately preceding the Closing Date.

New
Percentil

On
May 9, 2025, our newly-formed, wholly-owned subsidiary, New Percentil,  a limited liability company incorporated under the laws
of Spain, or New Percentil, entered into a production unit transfer agreement, or the Production Transfer Agreement, with Casi Nuevo
Kids, S.L., a limited liability company incorporated under the laws of Spain, or Casi Nuevo, pursuant to which New Percentil acquired,
or the Acquisition, a production unit of Casi Nuevo with a trade name of Percentil, or the Production Unit or Percentil, that was judicially
awarded to us 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 Production Transfer 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 Production Transfer 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, or the Percentil Employees.

The
total purchase price of the Acquisition was €610,806.81 (approximately $679,000), which consists of (i) €40,000 (approximately
$45,000) paid by Naiz Fit, (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