MySize Raises $3M Through Warrants to Drive Retail Innovation

Ronen Luzon, MySize Founder & CEO

MySize Inc. (NASDAQ: MYSZ), a leader in technology-driven solutions for the retail market, today announced (as previously disclosed in a Current Report on Form 8-K filed with the SEC on December 30, 2024) that it raised $3 million through the exercise of certain outstanding warrants. These proceeds add to the company's existing financial resources, enhancing its financial position, and supporting the growth of its business.

MySize is focused on providing innovative AI and big data-driven solutions to reduce returns and increase conversion rates for retailers, empowering them to optimize operations and enhance customer satisfaction. This additional capital is expected to enable the company to accelerate advancements in its technology offerings while also supporting Orgad's growth as a dynamic digital merchant specializing in apparel and shoes.

The new funds are expected to support key strategic initiatives, including:

• Expanding Orgad's Capabilities: we intend to use the proceeds to enhance operational efficiencies, grow inventory, and expand Orgad's reach across leading e-commerce platforms, driving higher revenues and market share.
• Pursuing Strategic M&A Opportunities: we intend to leverage our improved financial position to identify acquisitions that complement our focus on AI-driven solutions for the retail sector.
• Advancing Technology and Product Development: we intend to accelerate R&D efforts to further develop our suite of AI and big data solutions and deliver enhanced tools for retailers to improve operational efficiency and customer experiences.
• Scaling Sales and Market Expansion: we expect the funds to boost sales efforts and increase market penetration towards supporting the achievement of the company's ambitious milestones set for 2025.

Ronen Luzon, CEO of MySize Inc., commented:
"This $3 million injection positions MySize to expand our impact in the retail market through innovative AI and big data solutions. Additionally, Orgad is expected to benefit from this funding as we scale its operations and expand its footprint on leading e-commerce platforms. Together, these efforts align with our strategy to drive growth towards achieving our 2025 milestones so that we can create sustainable value for shareholders."

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