My Size

Kurta Law is investigating broker recommendations of My Size shares (NASDAQ:MYSZ). These investments were high-risk, making them unsuitable for many investors. Unsuitable investments violate Regulation Best Interest, which requires brokers to consider their investors’ best interests before making a recommendation. Brokers must also exercise reasonable care and skill when they make recommendations, which means they should understand the risks associated with an investment.  

If you believe you suffered losses as a result of broker misconduct, contact Kurta Law. Call (877) 600-0098 or email info@kurtalawfirm.com.  

The Offering 

The prospectus dated January 5, 2021, announced that My Size would offer 1,364,503 shares of common stock for $1.28 per share.  

As of April 19, 2023, shares of My Size trade at $0.50 per share. It is in danger of being de-listed from the stock market.  

About My Size 

According to the prospectus, My Size created mobile device measuring solutions for use in e-commerce fashion and DIY industries. My Size can purportedly take measurements via a smartphone application.  

Risks Related to a My Size Investment  

The following risks are clearly identified in the prospectus. Any broker who recommended shares of My Size knew or should have known about these risks.  

Management Discretion  

Management has full discretion as to how to use the proceeds from this offering. Shareholders may not agree with how management allocates the funds. The failure by management to use the proceeds effectively could adversely affect the business.  

Dilution of the Offering 

The share offering price is substantially higher than the net tangible book value per share. As a result, if you purchase securities sold in this offering, you will experience immediate dilution in your investment as a result of this offering.  

Risks Related to Options and Warrants  

The exercise of outstanding options and warrants could decrease the stock price.  

Sales of Common Stock  

My Size stated that it expected to sell additional shares of common stock on public markets. Sales of a substantial number of shares of common stock in public markets could depress the market price of shares.  

Takeover Proposals 

The business could be negatively impacted by unsolicited takeover proposals, either by shareholder activism or proxy contests related to the election of directors.  

Aegis Capital Corp. Underwriting    

Investors should know that Aegis Capital Corp. served as the underwriter for this offering. Underwriters take on risk in exchange for a fee, which could motivate certain investment banks to underwrite investments that pose too much risk for the average retail investor. Additionally, brokers may have conflicts of interest when they recommend shares that are underwritten by an affiliate of their brokerage firm.  

Kurta Law Can Help  

Contact Kurta Law today for a free case evaluation – keep in mind that you have a limited time to file a claim. Our attorneys do not collect a fee unless we win your case. If you have any questions, call (877) 600-0098 or email info@kurtalawfirm.com.