MySize Raises $2.5M in Discounted Private Placement With Warrants
MYSZ sits 46% above its 52-week low of $1.66 on elevated volume (42× avg).
Summary
MySize is raising $2.5 million through a private placement of 1.3 million shares at $1.91, a 21% discount to the last close of $2.43. The deal includes Series C and D warrants for an additional 2.6 million shares at $1.66, adding significant overhang. This follows a $10 million equity line with Square Gate and a Nasdaq deficiency letter for stockholders' equity. The company had only $453K in cash as of Q2, so this capital is critical, but the dilution and discount reflect weak negotiating position. Watch for the resale registration statement and any further Nasdaq compliance updates.
At the time of this announcement, MYSZ was trading at $2.43 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7M. The 52-week trading range was $1.66 to $11.04. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: PR Newswire.