株探米国株
英語
エドガーで原本を確認する
false 0001211805 0001211805 2025-05-09 2025-05-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 9, 2025

 

MY SIZE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-37370   51-0394637

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

4 HaNegev, POB 1026

Airport City, IsraelIL 7010000

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code +972-3-600-9030

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)  

Name of each exchange on

which registered

Common Stock, $0.001 par value per share   MYSZ   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

The information contained in Item 2.01 is hereby incorporated herein by reference.

 

Item 2.01 Completion of Acquisition or Disposition of Assets.

 

On May 9, 2025, a newly-formed, wholly-owned subsidiary of My Size, Inc, a Delaware corporation (the “Company”), New Percentil, S.L., a limited liability company incorporated under the laws of Spain (“New Percentil”), entered into a production unit transfer agreement (the “Agreement”) with Casi Nuevo Kids, S.L., a limited liability company incorporated under the laws of Spain (“Casi Nuevo”), pursuant to which New Percentil acquired (the “Acquisition”) a production unit of Casi Nuevo with a trade name of Percentil (the “Production Unit” or “Percentil”) that was judicially awarded to the Company in April 2025 within the framework of insolvency proceedings of Casi Nuevo filed with Commercial Court No. 13 of Madrid (Spain). The acquisition was completed on May 9, 2025.

 

Pursuant to the Agreement, New Percentil acquired the Production Unit, which consists of warehouse infrastructure and equipment, including Percentil’s central warehouse, process and logistics equipment, including Percentil’s proprietary quality control and picking systems, AI-powered pricing engine and proprietary garment assessment tools and processes, computer and electronic equipment, including photographic equipment and content production, equipment for garments and product presentation, supplies and support equipment, inventory and other equipment and tools. In addition, pursuant to the Agreement, New Percentil was subrogated exclusively in the position of Casi Nuevo in the labor contracts of 17 former employees of Casi Nuevo, including its chief executive officer and chief marketing officer, who have transferred to New Percentil in connection with the Acquisition (the “Percentil Employees”).

 

The total purchase price of the Acquisition was €610,806.81 (approximately $679,000), which consists of (i) €40,000 (approximately $44,500) paid by the Company’s wholly-owned subsidiary, Naiz Bespoke Technologies, S.L., (ii) €358,196 (approximately $398,000) for the assumption of certain liabilities owed by Casi Nuevo to its customers, (iii) €48,000 (approximately $53,500) for the assumption of certain debt and social security payments related to the Percentil Employees, and (iv) €164,610 (approximately $183,000) for the assumption of accrued labor liabilities related to the Percentil Employees.

 

The Production Unit’s assets that were acquired by New Percentil in connection with the Acquisition were acquired free of liens, encumbrances, attachments or third party rights.

 

The foregoing description of the Agreement is not complete, and is qualified in its entirety by reference to the full text of such document, a copy of which is filed as an exhibit to this Current Report on Form 8-K and is incorporated by reference herein.

 

Item 7.01. Regulation FD Disclosure.

 

On May 12, 2025, the Company issued a press release announcing the acquisition of the Production Unit. A copy of the press release is attached hereto as Exhibit 99.1.

 

The press release and the information set forth therein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Financial Statements of Business Acquired. If required, the Company intends to file financial statements required by this Item 9.01(a) under the cover of an amendment to this Current Report on Form 8-K no later than seventy-one (71) calendar days after the date on which this Form 8-K was required to be filed.
   
(b) Pro Forma Financial Information. If required, the Company intends to file the pro forma financial information that is required by this Item 9.01(b) under the cover of an amendment to this Current Report on Form 8-K no later than seventy-one (71) calendar days after the date on which this Form 8-K was required to be filed.
   
(c) Not applicable.

 

(d) Exhibits

 

10.1#^   Contract for the Transfer of a Production Unit, dated as of May 9, 2025, by and between Casi Nuevo Kids, S.L. and New Percentil, S.L.
99.1   Press release dated May 12, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

#   English translation of original Spanish document.
^   Portions of this exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The Registrant undertakes to furnish a copy of all omitted schedules and exhibits to the Securities and Exchange Commission upon its request.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MY SIZE, INC.
     
Date: May 12, 2025 By: /s/ Ronen Luzon
  Name: Ronen Luzon
  Title: Chief Executive Officer

 

 

 

EX-10.1 2 ex10-1.htm EX-10.1

 

Exhibit 10.1

 

CONTRACT FOR THE TRANSFER OF A PRODUCTION UNIT

 

In Madrid, on May 9, 2025.

 

MEETING

 

On the one hand, CASI NUEVO KIDS, S.L., with CIF B86475233 and address in Getafe, Madrid, 28906, Calle Franklin, number 2 (hereinafter, the “Casi Nuevo”); represented in this act by BAKER TILLY CONCURSAL, S.L.P., with CIF B67083709 and address in Barcelona, Avenida Josep Tarradellas, 123, 9o; represented by Mr. Ferran Zaragoza Rosa as Insolvency Administrator.

 

On the other , NEW PERCENTIL, S.L., with CIF B21890140 and registered office in Getafe, Madrid, 28046, Polígono Industrial San Marcos de Getafe, Calle Franklin, number 4; represented in this act by Borja Cembrero Saralegui in his capacity as Attorney-in-Fact (hereinafter, the “New Percentil”).

 

The parties, in the representation that they hold, mutually and reciprocally recognize the necessary legal capacity to enter into this contract, and

 

EXHIBIT

 

I. On February 3, 2025, Order of the Mercantile Court No. 13 of Madrid, the voluntary insolvency proceeding of Casi Nuevo was declared, being processed in ordinary proceeding 7/2025.

 

II. On March 26, 2025, Mysize Inc. a NASDAQ listed company with registered office at Hanegev 4, P.O.B 1026, Airport City, Israel, submitted to Casi Nuevo an offer for the acquisition of a production unit of Casi Nuevo, expressly stating that the acquisition could be carried out by Mysize Inc. or any of its subsidiaries.

 

III. On April 4, 2025, Casi Nuevo and its insolvency administration filed a writ before the Commercial Court No. 13 of Madrid requesting judicial authorization for the sale of the production unit in favor of Mysize Inc. or any of its subsidiaries, under the terms of the offer presented.

 

IV. That, by Order dated April 28, 2025, issued by the Judge of the insolvency proceeding, the adjudication of the productive unit was resolved in favor Mysize Inc. or any of its subsidiaries, in accordance with the terms included in its offer.

 

V. Accordingly, New Percentil, a subsidiary of Mysize Inc, and Casi Nuevo, hereby enter into this production unit transfer agreement (the “Agreement”), subject to the Following 1.1.

 

 

 

CLAUSES

1. Purpose

 

By virtue of this Contract, Casi Nuevo transfers to New Percentil the productive unit that was judicially awarded by Order dated April 28, 2025, issued under Insolvency Procedure No. 7/2025 of Commercial Court No. 13 of Madrid, pursuant to the terms established in the offer submitted by New Percentil, attached hereto as Annex 1 (the “Offer”).

 

1.2. In case of contradiction between the contents of this Contract and the Offer, the Offer shall prevail, as it was the basis for the judicial award.

 

1.3. A copy of the Court Order authorizing the sale of the productive unit, issued by Commercial Court No. 13 of Madrid on April 28, 2025 (the “Order”), is attached hereto as Annex 2.

 

2. Productive Unit

 

2.1. The productive unit being transferred, which constitutes an autonomous functional unit intended to allow continuity of Casi Nuevo’s business activity, comprises the following assets:

 

a) Warehouse infrastructure and equipment:

 

  Warehouse shelving (used) – 560 meters
  Shelving elements
  Shelf boxes
  Warehouse hangers
  Manual pallet jack ECO 2000 Kg – 1 unit
  Manual pallet jacks 2200 Kg – 2 units

 

b) Freight elevator and second-floor platform:

 

  Freight elevator model PRV-1
  Metal platform – Getafe warehouse

 

c) Process and logistics equipment:

 

  Multi-purpose warehouse carts – 6 units
  Large multi-purpose carts – 26 units
  Packing stations – 5 units
  Processing tables – 20 units
  Barcode scanners – 30 units

 

 

 

d) IT and electronic equipment:

 

  Monitors – 30 units
  CPUs – 30 units
  Laptops – 5 units
  Used server – 1 unit
  Synology NAS – 1 unit

 

e) Photography and content production equipment:

 

  Manfrotto MK 190x3 tripods – 5 units
  Flashes – 7 units
  Publinilo light cabinets – 4 units
  Canon digital cameras – 4 units
  Synchronizers – 2 units
  Lenses – 9 units
  Photography accessories (cables, backdrops, etc.)

 

f) Clothing display equipment:

 

  Mannequins – 10 units
  Clothing racks – 30 units

 

g) Support supplies and equipment:

 

  Used Euroboxes – 1,004 units
  Hot air heaters – 25 units

 

h) Other equipment and tools:

 

  Irons – 3 units

 

i) Second-hand clothing and accessories:

 

  146,378 second-hand garments and accessories

 

2.2. As per the Offer, New Percentil shall subrogate Casi Nuevo’s contractual position in commercial and/or civil agreements with third parties essential to the business activity, subject to identification and express acceptance by New Percentil. This subrogation shall not include labor contracts, which are addressed in Clause 3.

 

 

 

2.3. The transfer of the productive unit’s assets shall be free of charges, encumbrances, seizures or third-party rights. Casi Nuevo declares that the transferred assets are free of any such limitations.

 

2.4. The Order mentions a leasing contract with Banco de Sabadell that was supposedly subject to subrogation. However, it is expressly declared that such contract does not exist, and thus no subrogation shall occur in that regard.

 

2.5. As part of the transfer, New Percentil shall manage, maintain, and/or settle the virtual wallets of Casi Nuevo’s clients, committing to honor the accumulated balances, which total €358,196.

 

3. Subrogation in Labor Relations and Social Security Obligations

 

3.1. New Percentil shall subrogate the position of Casi Nuevo in seventeen (17) current labor contracts listed in Annex 2 of the Offer, respecting each employee’s seniority, salary, working hours, job category, and other rights.

 

3.2. From the date of award of the productive unit, New Percentil will bear the Social Security costs associated with the subrogated employees.

 

3.3. New Percentil also assumes, under the company succession principle (Art. 224.1.3º of the Consolidated Insolvency Law), the Social Security debts related to subrogated employees, amounting to approximately €48,000, including any interest or surcharges calculated at the time of settlement.

 

3.4. New Percentil shall also assume Social Security contributions for February and March 2025, if not previously paid by Casi Nuevo, estimated at €26,000.

 

3.5. Additionally, New Percentil assumes the accrued labor liabilities of the subrogated employees, amounting to approximately €164,610.81.

 

 

 

4. Exclusion of Liabilities

 

4.1. According to the Offer, the transfer does not entail the assumption by New Percentil of any other liabilities or obligations of Casi Nuevo beyond those explicitly assumed in Clause 3.

 

4.2. Specifically excluded is:

 

  The subrogation in labor relations of employees not identified in Annex 2 of the Offer,
     
  The assumption of any rights, compensations, claims, or contingencies related to the termination of labor contracts of non-subrogated employees,
     
  The assumption of debts, contributions, penalties or surcharges owed to the Social Security, the Tax Agency, or any other public or private entity, other than the obligations expressly stated in Clause 3.

 

5. Price and Payment Terms

 

5.1. The total price of the transfer is €610,806.81, judicially approved, broken down as follows:

 

a) €40,000 to be paid by NAIZ BESPOKE TECHNOLOGIES, S.L. (“NAIZ”), a company in the same group as New Percentil, via bank transfer to account number ES57 3183 0804 6732 8715 4029, in a single payment upon signing of this Contract.

 

  This payment will be made by NAIZ only for operational reasons, as New Percentil, although duly formed and registered, has not yet been able to open a bank account pending receipt of the required notarized public documents.
     
  The payment by NAIZ does not imply any contractual obligation on its part nor does it alter the fact that the acquirer is exclusively New Percentil.

 

b) €358,196 corresponds to the assumption of the client virtual wallet liability, which New Percentil commits to manage in accordance with the original terms agreed with clients (see Clause 2.5).

 

c) €48,000 corresponds to the assumption of Social Security debt related to subrogated employees (Clause 3.3).

 

d) €164,610.81 corresponds to the assumption of accrued labor liabilities of subrogated employees (Clause 3.5).

 

 

 

6. Effective Date

 

6.1. The effective date of this transfer is May 9, 2025, and:

 

  All income and expenses accrued up to that date shall correspond to Casi Nuevo.
  All income and expenses from operations after the signing date shall correspond to New Percentil.
  If either party receives funds belonging to the other, they commit to settle accounts within 7 business days.

 

6.2. For labor purposes, Casi Nuevo will terminate employment of the subrogated employees on May 9, 2025, and New Percentil will hire them as of May 10, 2025.

 

 

 

7. Transfer, Formalization, and Costs

 

7.1. The transfer becomes effective once:

 

  New Percentil fulfills its payment obligations (Clause 5),
  The assets are physically delivered,
  The labor and essential commercial contracts are duly subrogated, in line with this Contract and the Offer.

 

7.2. Casi Nuevo commits to carry out all actions necessary for effective transfer, including:

 

  Physical delivery of assets,
  Formalizing labor contract subrogation (Annex 2 of the Offer),
  Transferring or formalizing essential civil or commercial contracts with third parties.

 

7.3. Casi Nuevo shall also provide reasonable support to ensure the operation of the transferred assets and to complete the effective transfer of the productive unit.

 

7.4. New Percentil will assume all reasonable expenses needed to formalize this Contract and change the ownership of the productive unit’s elements.

 

7.5. If this Contract is elevated to a public deed, all notarial and tax costs shall be borne by New Percentil.

 

7.6. This transaction qualifies as a transfer of an Independent Economic Unit under Article 7.1 of the Spanish VAT Law, and is therefore not subject to VAT.

 

7.7. New Percentil, having personally inspected the facilities, accepts the assets “as is”, waiving any warranty or claim for hidden defects, except in cases of fraud or material inaccuracies in the information provided during the insolvency process that substantially affect the transferred unit.

 

 

 

8. Personal Data Protection

 

8.1. Personal data provided by Casi Nuevo to New Percentil under this Contract will be incorporated into one or more personal data files. Individuals whose data is included may exercise their rights of access, rectification, cancellation, and opposition by written request to the Buyer at the address specified in future notices.

 

8.2. New Percentil, on behalf of Casi Nuevo, will inform affected individuals about the transfer of their personal data as per applicable Data Protection Law, through the notices foreseen.

 

8.3. Once the data is obtained, New Percentil will be solely responsible for legal compliance regarding its processing and database management.

 

9. Governing Law and Jurisdiction

 

9.1. This Contract shall be governed by Spanish law.

 

9.2. Any dispute regarding the existence, execution, or interpretation of this Contract shall be submitted to the courts of the Community of Madrid, specifically to Commercial Court No. 13 of Madrid, which handled the insolvency, expressly waiving any other jurisdiction.

 

 

 

IN WITNESS WHEREOF, the parties sign this Contract digitally, in a single original, at the place and on the date indicated in the header.

 

BAKER TILLY CONCURSAL, S.L.P.  
Insolvency Administrator of Casi Nuevo Kids, S.L.
/s/ Mr. Ferran Zaragoza Rosa  

 

NEW PERCENTIL, S.L.  
/s/ Mr. Borja Cembrero Saralegui  

 

And for the sole purpose of acknowledging
and undertaking the €40,000 payment
provided in Clause 5.1(a), this Contract is also signed by:
 NAIZ BESPOKE TECHNOLOGIES, S.L.
 /s/ Mr. Borja Cembrero Saralegui,
 Managing Director and Proxy

 

 

 

 

EX-99.1 3 ex99-1.htm EX-99.1

 

Exhibit 99.1 

 

MySize Inc. Acquires Key Assets of Percentil: Expanding into Circular Fashion and Re-Commerce

 

Strategic Move Bolsters MySize’s B2B & B2C Portfolio and Aligns with Upcoming EU Regulatory Requirements

Airport City, Israel – May 12, 2025 – MySize, Inc. (NASDAQ: MYSZ), a leader in AI-driven retail solutions and omnichannel e-commerce platforms, today announced the acquisition by its newly-formed, wholly-owned subsidiary in Spain, New Percentil, S.L., of key assets of Percentil, a leading managed marketplace for second-hand fashion, with operations across Spain, France, Germany, and Italy, following insolvency proceedings in Spain of Percentil’s former owner.

Founded to promote sustainable fashion through high-quality second-hand items, Percentil grew into a premium re-commerce player. Its managed marketplace model ensures product quality and drives higher resale values and much better buyer and seller experiences, which is expected to outperform peer platforms like Vinted and other fast fashion resellers in profitability and customer retention.

Strategy Shift with Profitability at the Core

Following the acquisition, MySize intends to reposition the platform as a premium marketplace, marking a strategic evolution focused on higher-value items and a premium re-commerce experience. This pivot reflects consumer demand for quality, authenticity, and elevated resale experiences — and supports the platform’s push toward a sustainable business model based on increased margins and long-term brand equity.

“Our goal with Percentil is clear: build a profitable, scalable, and sustainable circular fashion business from day one,” said Ronen Luzon, CEO of MySize, Inc. “This is not about growth at all costs. We are focused on smart, cash-efficient scaling — with a model that generates EBITDA-positive returns from the very beginning.”

A Strategic Acquisition

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.

“We believe this to be a strategically sound and financially compelling acquisition,” said Ronen Luzon, CEO of MySize, Inc. “With a minimal upfront investment, we believe that we’ve secured a revenue-generating business with deep logistics capabilities, a growing customer base, and a model that’s profitable. We believe that Percentil’s integration accelerates our entry into the circular economy while strengthening the financial foundations of our group.”

 

 

 

Unlocking Circularity as a Service

Through this acquisition, MySize is launching a B2B resale solution (‘Circularity as a Service’) that enables brands to monetize overstock and returns by integrating with Percentil’s platform. This scalable offering enables fashion brands to resell returned, overstock, or pre-owned garments. MySize believes that initial pilots that Percentil has completed with Springfield (Tendam Group) and C&A validate the model’s demand among major retailers seeking to comply with new EU legislation requiring formal reuse plans for garments.

The monetization model is SaaS-based, providing recurring revenue streams and potentialhigh-margin scalability.

The total addressable market (TAM) for second-hand and circular fashion in Western Europe alone is estimated to exceed $25 billion by 2027, according to sources, such as ThredUp’s 2024 Resale Market Report and Statista’s projections for the European secondhand apparel market.[1]

The addition of Percentil creates clear synergies with existing MySize portfolio companies:

- Naiz Fit provides brands with size and fit solutions to reduce returns, while enabling better sizing data to support re-commerce. Also, Naiz Fit offers a B2B SaaS platform solution to easily connect to MySize companies to unlock all their capabilities.
- Orgad, MySize’s e-commerce and logistics unit, will partner with Percentil to optimize overstock and returns, making second life retail economically and operationally viable.

In addition, MySize’s proprietary AI technology, which powers solutions like MySizeID and Naiz Fit, will be integrated into Percentil’s platform to optimize pricing, enhance product recommendations, personalize user journeys, and improve operational efficiency. This AI-driven backbone is expected to elevate customer satisfaction, reduce churn, and streamline inventory management — delivering competitive advantages across the resale funnel.

 

 

 

What’s Included in the Acquisition

MySize acquired select assets of Percentil’s operational structure out of bankruptcy, including:

- 17 employees, including the former CEO and CMO
- The central warehouse and its proprietary quality control and picking systems
- AI-powered pricing engine and proprietary garment assessment tools and processes
- A stock of over 120,000 quality-vetted garments ready to scale up sales

Positioned for Growth and Supported by EU Regulatory Tailwinds

This acquisition is also strategically timed to align with major upcoming European Union regulations. Under the EU Strategy for Sustainable and Circular Textiles, brands will soon be required to implement reuse, recycling, and waste-reduction frameworks as part of their environmental responsibilities. This creates a powerful tailwind for recommerce platforms like Percentil, potentially positioning it as an essential partner for fashion brands navigating regulatory compliance while meeting growing consumer demand for sustainability.

“With the EU leading global efforts in textile circularity, we see second-hand platforms evolving from niche alternatives into critical infrastructure for the fashion industry,” Luzon added. “Percentil gives us a front-row seat in this transformation.”

 

About My Size, Inc.

 

MySize, Inc. (NASDAQ: MYSZ) is a global leader in omnichannel e-commerce platforms and AI-driven sizing solutions, including MySizeID and Naiz Fit. The Company’s solutions are designed to drive revenue growth, reduce operational costs, and enhance customer experiences for business clients worldwide. We routinely post information that may be important to investors in the Investor Relations section of our website. Follow us on Facebook, LinkedIn, Instagram, and X (formerly known as Twitter). For more information, visit www.mysizeid.com.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to the acquisition, expected revenues, anticipated benefits and impact of the acquisition of Percentil on MySize and the anticipated market opportunity. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties’ commercial relationships and workforce; the ability of MySize to integrate Percentil’s technology, operations and business; developments and changes in general market, political, economic, and business conditions; failure of our product offerings; failure to achieve the expected benefits of our acquisitions; risks associated with managing our growth; risks associated with new product, subscription and support offerings, including our efforts to leverage AI; shifts in priorities or delays in the development or release of new offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of our business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers’ purchasing decisions and the length of sales cycles; and our competition; our ability to attract and retain new customers; our ability to acquire and integrate other companies, products, or technologies in a successful manner. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

[1] Sources:
- ThredUp 2024 Resale Market Report: https://www.thredup.com/resale

- Statista: European secondhand apparel market data: https://www.statista.com/statistics/1246440/european-secondhand-apparel-market-size/

 

Investor Contacts:
Oren Elmaliah, CFO
ir@mysizeid.com