InvestmentAug 5, 2026, 05:21 PM
My Size enters $10M equity purchase agreement with Square Gate Capital
AI Summary
My Size, Inc. entered into an Equity Purchase Agreement with Square Gate Capital Master Fund, LLC - Series 5, allowing the company to sell up to $10 million worth of common stock over the next 36 months. The company has the discretion to sell, and the investor is obligated to purchase, subject to certain conditions. A $100,000 commitment fee was paid in 269,229 shares, and the agreement includes provisions for share pricing and an exchange cap of 1,024,597 shares unless certain conditions are met.
Key Highlights
- Equity Purchase Agreement for up to $10,000,000 in common stock.
- Agreement duration is 36 months, expiring August 5, 2029.
- Commitment fee of $100,000 paid in 269,229 common shares.
- Exchange Cap of 1,024,597 shares (19.99% of outstanding shares).
- Exchange Cap waived if Average Price exceeds $0.3706 per share or stockholder approval.
- Regular Put Share price: 96.5% of lowest daily VWAP.
- Intraday Put Share price: 100% of lowest traded price.
Price Impact
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