MySize Acquires Percentil Assets For ~$679K Via Existing Cash Reserves And Does Not Involve The Issuance Of Additional Shares Or Debt

My Size, Inc. +1.15%

My Size, Inc.

MYSZ

1.14

+1.15%

The deal has the potential to be a profitable investment for MySize, with a total transaction value of just approximately €610,000 (approximately $679,000), consisting of a €40,000 (approximately $44,500) cash payment made by one of  MySize's wholly-owned subsidiaries and the assumption of certain customer and labor liabilities and debt and social security payments in the aggregate amount of approximately €570,000 (approximately $634,500). The acquisition was financed through existing cash reserves and does not involve the issuance of additional shares or debt. MySize expects the Percentil business unit to generate $1.5 million in revenues in the second half of 2025. This represents a projected 25% increase to MySize's total revenue and a step-function improvement in group profitability.

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