My Size Stock Price, News & Analysis

MySize, Inc. (NASDAQ: MYSZ) announced a major expansion in Russia by partnering with four tier 1 retailers, including Lacoste and SimaLand, along with several others. This move aims to enhance MySize's AI-driven measurement solutions, improving online conversion rates and reducing returns for these retailers. The CEO noted that the pandemic has spurred e-commerce growth in Russia, making this an optimal time for advancement. MySize's proprietary technology supports various industries and significantly enhances user experience and engagement.

MySize, Inc. (NASDAQ: MYSZ) will participate in H.C. Wainwright's 7th Annual Israel Conference on November 15, 2021. The virtual event features company presentations and 1-on-1 meetings. MySize's CEO, Ronen Luzon, will present at 10:30 AM ET, discussing the company's AI-driven measurement solutions aimed at enhancing revenue and reducing costs in sectors like apparel, e-commerce, and shipping. This conference provides a platform to highlight MySize's recent progress and innovations.

My Size, Inc. (NASDAQ: MYSZ) has entered a cooperation agreement with Custodian Ventures LLC, concluding their public campaign and lawsuits. The Company aims to enhance shareholder value through acquisitions while focusing on commercializing MySizeID. CEO Ronen Luzon stated the strategic plan includes new partnerships with Wix eCommerce and others, which could increase market share. The Agreement will be filed with the SEC, and the Company plans to schedule its 2021 Annual Meeting of Stockholders.

MySize, Inc. (NASDAQ: MYSZ) announced its AI-driven measurement solution will be used by Threads, a leading uniform manufacturer in the UAE. Established in 2010, Threads services over 200,000 students across 90 schools. MySize's technology aims to enhance customer experience by providing accurate size recommendations, potentially reducing return rates for Threads, which has faced issues with traditional sizing methods. This integration signifies a strategic partnership that may boost operational efficiency and customer satisfaction.

MySize, Inc. (NASDAQ: MYSZ) announces an Innovation Partnership with GK Software to enhance retail solutions. This collaboration integrates MySize's AI-driven measurement technology into GK Software’s CLOUD4RETAIL platform, aiming to improve customer experience by helping consumers find the perfect fit. GK Software boasts over 346k installations across 65 countries, indicating strong international market presence. The partnership is designed to boost consumer engagement, reduce item returns, and ultimately drive revenue growth for retailers.

My Size, Inc. (NASDAQ: MYSZ) has entered into definitive purchase agreements for the issuance of 2,514,800 shares of its common stock at $1.352 per share, alongside a private placement of 3,772,208 unregistered shares at the same price. The aggregate gross proceeds from both offerings are expected to be approximately $8.5 million, with the offerings closing around October 29, 2021. Additionally, unregistered warrants to purchase 4,715,256 shares will be issued, exercisable at $1.26 per share. The net proceeds will be utilized for general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent.

MySize, Inc. (NASDAQ: MYSZ) has secured a contract with Dockers Turkey, following a successful integration of its AI-driven sizing technology with Levi Strauss & Co. Turkey. The results showed a significant reduction in return rates by up to 47%, enhancing cost efficiency in logistics. This partnership is expected to facilitate MySize's expansion within the Levi Strauss brand family, positioning the company for accelerated revenue growth. Duygu Durak of Dockers highlighted the strong ROI from MySize's solutions, emphasizing improved customer experience and sustainability.

My Size, Inc. (NASDAQ: MYSZ) has filed a lawsuit in the U.S. District Court for the Southern District of New York against an activist group led by David Lazar, seeking to stop them from misleading shareholders and engaging in an illegal proxy contest. The lawsuit alleges that the group has made false regulatory filings and seeks to take control of the Board. CEO Ronen Luzon emphasized the necessity of legal action to protect shareholder interests and highlighted recent additions to the Board and IP consolidation as steps to strengthen market position.

MySize, Inc. (NASDAQ: MYSZ) announced the integration of its MySizeID solution with Wix eCommerce platforms, allowing retailers to enhance size selection and reduce return costs. This integration also supports platforms like Shopify and WooCommerce, benefiting major brands such as Levi's and Speedo. An internal report indicated that implementing MySize technology increased average order value by 15% and boosted conversion rates by up to 2.75 times. New Wix customers will receive three months of expert support to optimize their MySizeID.