My Size (NASDAQ: MYSZ) (TASE: MYSZ) on February 2, 2018 announced the closing of a public offering of its common stock and warrants to purchase shares of its common stock. The company successfully sold 3,000,000 shares of common stock together with warrants to purchase up to 1,500,000 shares of common stock at an offering price of $2.00 per share and related warrant. The investors shall receive five-year warrants at an exercise price of $2.65 per share. The company intends to use the total gross proceeds of $6,000,000, less placement agent fees and other offering expenses, toward capital expenditures, repayment of debts and working capital.
To view the full press release, visit http://nnw.fm/BWw23
About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications including the apparel, e-commerce, DIY, shipping and parcel delivery industries. This proprietary technology is driven by several algorithms which are able to calculate and record measurements in a variety of novel ways. To learn more, visit the company’s website at www.MySizeID.com.
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