My Size issues 269,229 shares as USD 100,000 commitment fee in Square Gate equity line deal
MYSZ•Equity line agreement and commitment fee
- My Size entered a $10 million equity purchase agreement with Square Gate Capital Master Fund, Series 5, giving it discretion to sell common stock over 36 months.
- The company paid a USD 100,000 commitment fee via issuance of 269,229 common shares to the investor.
- Issuances are capped at 1,024,597 shares, or 19.99% of shares outstanding, unless stockholders approve more or the average price stays at least USD 0.37.
- Regular Put Shares are priced at 96.5% of the lowest VWAP in the valuation period; intraday puts are priced at the lowest traded price.
