Benzinga | Dec 10, 2021 05:05PM EST

My Size Announces It Has Reached Agreement Resolving Litigation With Todd Ault

My Size, Inc. ("My Size" or the "Company") (NASDAQ: MYSZ) (TASE: MYSZ), a leading developer and creator of smartphone measurement solutions, today announced that based on recent discussions with Todd Ault and his representatives, the Company has entered into a settlement agreement with Mr. Ault, Ault Alpha LP, Ault Alpha GP LLC, Ault Capital Management LLC, and Ault & Company (the "Ault Parties"), in which the Company agreed to withdraw the lawsuit asserting a claim for violation of Section 16(b) of the Securities Exchange Act of 1934 it previously filed in the United States District Court for the Southern District of New York against the Ault Parties. The Ault Parties have agreed to withdraw the counterclaim that they asserted in that action against the Company.

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 measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about My Size, please visit our website: www.mysizeid.com. We routinely post information that may be important to investors in the Investor Relations section of our website. Follow us on Facebook, LinkedIn, Instagram, and Twitter.