My Size Inc: Drops on discounted stock placement plans

My Size

23/03/2021 09:42

** U.S.-listed shares of Israeli software solutions provider
 MYSZ.O ,  MYSZ.TA  down ~18% at $1.27, before the bell 
    ** Co plans to raise about $3.3 mln by offering about 2.6
million shares of its common stock priced at $1.26/shr,
representing a discount of ~19.23% to stock's last close
    ** The offer is expected to close on or about March 25
 urn:newsml:reuters.com:*:nGNX5s9cY1
    ** MYSZ has also granted the underwriters a 45-day option to
purchase up to an additional 15% of the number of shares of
common stock offered in the public offering
    ** Offer size represents ~30.9% of co's free float -
Refinitiv data
    ** Up to Monday's close, stock had risen ~10.6% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))