Benzinga | Jan 6, 2021 05:45AM EST

My Size Priced 1.36M Share Underwritten Public Offering of Common Stock @$1.28/Share

My Size, Inc. (the "Company" or "My Size") (NASDAQ:MYSZ) announced Tuesday, the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $1.75 million before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.

The proposed offering equates to 1,364,503 shares of the Company's common stock at a price of $1.28 per share. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The Company has also granted the underwriters a 45-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any, at the public offering price. The offering is expected to close on or about January 8, 2020, subject to customary closing conditions.

Aegis Capital Corp. is acting as sole bookrunner for the offering.