Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 491

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 491
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 the laws of Spain. References to the Company include the subsidiaries unless
    the context indicates otherwise.

My
Size, Inc., was incorporated and commenced operations in September 1999, as Topspin Medical Inc. (“Topspin”), a private company
registered in the State of Delaware. In December 2013, the Company changed its name to Knowledgetree Ventures Inc. Subsequently, in February
2014, the Company changed its name to My Size, Inc. Topspin was engaged, through its Israeli subsidiary, in research and development
in the field of cardiology and urology.

    b.
    In
                                            October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip
                                            and conducted a series of attacks on civilian and military targets. Hamas also launched extensive
                                            rocket attacks on the Israeli population and industrial centers located along Israel’s
                                            border with the Gaza Strip and in other areas within the State of Israel. These attacks resulted
                                            in thousands of deaths and injuries, and Hamas additionally kidnapped many Israeli civilians
                                            and soldiers. Following the attack, Israel’s security cabinet declared war against
                                            Hamas and commenced a military campaign against Hamas and other terrorist organizations in
                                            parallel to their continued rocket and terror attacks.
     
    The
    war with Hamas has had an immaterial effect on its operations and financial results so far. This is attributable to its  offices in Spain which has become a hub for the Company’s sizing solutions business. The majority of Orgad’s
    inventory utilizes fulfillment by Amazon rather than fulfilling directly. Inventory is now maintained and orders are shipped from
    regional Amazon warehouses, thereby reducing exposure to inventory risk and contributing to operating efficiencies.
     
    On January 19, 2025, a temporary ceasefire went into effect, the result of which is uncertain.

    On
    February 24, 2022, Russia invaded Ukraine. The hostilities between the two countries could result in more widespread
    conflict and could have a severe adverse effect on the region. Following Russia’s actions, various countries, issued broad-ranging
    economic sanctions against Russia. Such sanctions included, among other things, a prohibition on doing business with certain Russian
    companies, officials and oligarchs; a commitment by certain countries and the European Union to remove selected Russian banks from
    the Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking network that connects banks globally;
    and restrictive measures to prevent the Russian Central Bank from undermining the impact