Business Context and Reporting Period
Company: My Size, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 21, 2025
Principal Executive Offices: Airport City, Israel
Trading Symbol: MYSZ (Nasdaq Capital Market)
The filing reports the entry into a material definitive agreement to establish an "At The Market" (ATM) equity offering program.
Key Financial Metrics and Transaction Details
- Offering Capacity: Up to $4.1 million in aggregate offering price of common stock.
- Agent: H.C. Wainwright & Co., LLC.
- Commission Fee: 3% of the gross sales price of shares sold.
- Registration Basis: Shelf registration statement on Form S-3 (File No. 333-276249), declared effective December 29, 2023.
- Financial Performance: The filing text does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the reporting period.
Material Changes
The primary material change is the authorization of a new mechanism to sell common stock in the open market. The Company is not obligated to sell any shares under this agreement. The offering will terminate upon the sale of all authorized shares or earlier termination by either party.
Guidance, Outlook, and Risks
- Management Commentary: The Company intends to use commercially reasonable efforts to sell shares based on instructions regarding price, size, and other parameters.
- Unusual Items: None reported in this filing.
- Risks and Contingencies: The sale of shares is subject to market conditions and the discretion of the Company. The agreement includes customary representations, warranties, and indemnification provisions.
Investor Verification Checklist
- Verify the current market price of MYSZ to assess potential dilution impact from a $4.1 million offering.
- Review the full text of the At The Market Offering Agreement (Exhibit 10.1) for specific termination rights and conditions.
- Check the Company's most recent 10-K or 10-Q for current cash position and liquidity needs to understand the urgency of this capital raise.
- Confirm the status of the underlying Form S-3 shelf registration (File No. 333-276249) for any subsequent amendments.