My Size Stock Price, News & Analysis

My Size, Inc. (NASDAQ: MYSZ) has completed a public offering generating approximately $3.3 million in gross proceeds. This equates to 2,618,532 shares at $1.26 per share. The funds will primarily be used for working capital and general corporate purposes. Additionally, underwriters have a 45-day option to purchase an extra 15% of the offered shares, potentially raising total proceeds to around $3.8 million. The offering was made under an effective shelf registration statement.

Aegis Capital Corp. acted as the Sole Bookrunner for a $3.3 million Follow-On Offering for My Size, Inc. (NASDAQ:MYSZ). This offering aims to enhance My Size's financial position as it develops mobile device measurement solutions across various sectors, including e-commerce and DIY industries. Founded in 2014 by Ronen Luzon, My Size focuses on addressing measurement challenges in the fashion and shipping markets. The offering signifies potential growth opportunities, though its impact on immediate stock performance remains to be seen.

My Size, Inc. (NASDAQ: MYSZ) announced a public offering of approximately 2,618,532 shares at $1.26 each, expected to raise around $3.3 million before fees. The funds will support working capital and general purposes. The underwriters have a 45-day option to purchase an additional 15% of shares, potentially increasing gross proceeds to $3.8 million. The offering is set to close around March 25, 2021, pending customary conditions. Aegis Capital Corp. is the bookrunner for this transaction.

MySize, Inc. (NASDAQ: MYSZ) announced the launch of its MySizeID app in collaboration with Evropeyskiy Mall, Europe's most popular shopping center, on March 22, 2021. This innovative app aims to enhance in-person shopping for approximately 600,000 daily visitors by providing accurate clothing sizes using smartphone sensors. Customers can enjoy a seamless shopping experience, from browsing to checkout, without the need for cashiers. This hybrid omnichannel approach aims to improve consumer convenience and potentially boost retail sales at the mall, reinforcing MySize's position in the measurement solutions market.

MySize, Inc. (NASDAQ: MYSZ) announces the upcoming launch of its MySizeID app at Evropeyskiy Mall, the largest shopping center in Russia, which attracts approximately 600,000 daily visitors. This innovative app allows users to obtain accurate clothing sizes using their smartphones, enhancing the in-person shopping experience with cashier-free purchase options. The collaboration aims to merge online convenience with traditional retail benefits, positioning MySize as a leader in e-commerce measurement solutions.

AIRPORT CITY, Israel, March 18, 2021 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) provided a stockholder update for 2021, emphasizing its strategy to enhance the e-commerce shopping experience. The company plans to expand its product offerings, including a 3D try-on avatar feature set to launch in Q4 2021. MySizeID is gaining traction among apparel retailers and the uniform market, driven by ease of use and accuracy. The firm also highlighted increased M&A activity in the industry, suggesting validation of its technology's role in optimizing retail.

MySize, Inc. (NASDAQ: MYSZ) has launched the MySizeID E-Commerce Plugin SDK, enabling e-commerce companies to create and distribute personalized sizing solutions for their customers. This SDK addresses a $6.5B market gap in e-commerce sizing solutions, enhancing shopper engagement and conversion rates for retailers. The solution allows businesses to integrate MySizeID's sizing recommendations efficiently, providing valuable customer insights. CEO Ronen Luzon emphasizes the importance of leveraging data for tailored customer experiences amidst the growing e-commerce landscape.

My Size, Inc. (NASDAQ: MYSZ) announced a Notice of Allowance from the Japan Patent Office for its patent titled "System for and a method of measuring a path length using a handheld electronic device." This patent enhances My Size's market entry into Japan, a key market for smartphone-based solutions. The proprietary algorithms facilitate accurate sizing based on users' measurements via smartphones, and this patent increases My Size's patent portfolio to ten issued patents and nine pending globally.

MySize, Inc. (NASDAQ: MYSZ) is attending the NRF annual convention to showcase its MySizeID app, designed to reduce return rates for online retailers. The app utilizes smartphone sensors for precise body measurements, enhancing the online shopping experience. Partnered with GK Software, MySize offers integration into various retail platforms, promoting omnichannel shopping. With online return rates at 30%, the MySizeID technology aims to improve customer satisfaction and reduce costs for retailers. CEO Ronen Luzon emphasized the need for sizing solutions in today's e-commerce landscape.