Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 11

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 11
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 to the Orgad acquisition.

In
January 2025, we entered into an At The Market Offering Agreement, (the “Offering Agreement”)
with ith H.C. Wainwright & Co., LLC, as agent (“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 the date hereof, we sold 60,589 shares pursuant to the Offering Agreement for aggregate
gross proceeds of approximately $142,000.

Net
cash used in operating activities was $3,092,000 for the year ended December 31, 2024 compared to $6,106,000 for the year ended December
31, 2023. The decrease in cash used in operating activity is derived mainly from decrease in the net loss, change in inventory offset by change in account receivables.

Net
cash flow from investing activities was $53,000 for the year ended December 31, 2024 compared to net cash provided by investing activities
of $7,000 for the year ended December 31, 2023. The net cash provided by investing activities for the year ended December 31, 2024 was
mainly from proceeds from short term deposits and from investment in a JV.

Net
cash provided by financing activities was $5,594,000 for the year ended December 31, 2024 compared to net cash of $6,134,000 for the
year ended December 31, 2023. The net cash provided by financing activities for the year ended December 31, 2024 was mainly due to warrant
repricing transaction that was completed in May 2024 and proceeds from warrants that were exercised on December 2024 offset by repayment
of loans in an amount of $735,000.

We
expect that we 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 December 31, 2024, we believe our existing cash will not be sufficient to fund
operations for a period of more than 12 months. As a result, there is substantial doubt about our ability to continue as
a going concern. We will