MySize announces $2.5M private placement priced at market (MYSZ:NASDAQ)
- MySize (MYSZ) entered into definitive agreements to raise ~$2.5M through a private placement priced at market under Nasdaq rules.
- The company will issue 1.31M shares, or pre-funded warrants, at $1.91 each, along with Series C and D warrants exercisable at $1.66 per share.
- The offering is expected to close around September 16.
- The net proceeds are expected to be used for general corporate purposes, including working capital.
- The stock price traded about 4.6% higher on Tuesday after market hours of trading.
