MySize raises $2.5M in at-the-market Nasdaq private placement
What's the deal? MySizeDealroom has a profile for this one. Try Dealroom → (Nasdaq: MYSZ), an Israel-based provider of AI-driven retail technology, has signed definitive agreements for a $2.5 million private placement. It will sell 1,308,901 shares of common stock, or pre-funded warrants, at $1.91 each, with H.C. Wainwright & Co.Dealroom has a profile for this one. Try Dealroom → acting as exclusive placement agent.
The details: Investors will also receive Series C and Series D warrants, each covering up to 1,308,901 additional shares at an exercise price of $1.66. The Series C warrants carry a five-year term; the Series D warrants run 18 months, both from the effective date of a resale registration statement. The deal is expected to close on or about September 16, 2026.
Why now? MySize reported just $453,000 in cash as of June 30, 2026, and disclosed a need for additional capital. The expected gross proceeds are larger than that reported cash balance, directly addressing the financing gap.
What's the endgame? The company plans to use net proceeds for general corporate purposes, including working capital. MySize operates technology and commerce businesses across sizing, e-commerce, second-hand fashion, and brand distribution, and says it is pursuing a strategy to expand into defense technology through selective acquisitions.
What could go wrong? The raise adds 1,308,901 shares plus two warrant series. If issued or exercised, they could increase the total share count and reduce existing holders' ownership percentages.
The signal: The at-the-market pricing under Nasdaq rules and the reliance on warrant coverage point to a small-cap company raising capital on tight terms. For MySize, the placement buys runway to pursue a pivot toward defense technology while sustaining its retail businesses.
Read more: stocktitan.net
Image credit: Generated with Gemini
