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): February 9, 2017 (February 8, 2017)

 

MY SIZE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-37370   N/A
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

3 Arava St., pob 1206, Airport City, Israel, 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))

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On February 8, 2017, My Size, Inc., a Delaware corporation (along with its subsidiaries, the “ Company ”) entered into a consulting agreement (the “ Agreement ”) with PNO Polska S.P.Z.O.O. (“ PNO ”) to help secure non-refundable European Union (the “ EU ”) grants to support the Company’s research and development activities. 

 

Pursuant to the Agreement, PNO will prepare and process the funding applications as well as form a subsidiary for the Company in Poland, in accordance with the specified legal and future requirements of the EU in relation to the grant procedure.  An office is to become operational only after a grant has been approved by the Polish government.

 

The Company will pay to PNO certain fixed fees per project and certain success fees if the Company is awarded funding.

 

Item 8.01. Other Events.

 

On February 10, 2017, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits.

 

99.1 Press Release, dated February 10, 2017

  

  - 2 -  
 

 

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: February 10, 2017 By: /s/ Ronen Luzon
  Name: Ronen Luzon
  Title: Chief Executive Officer

 

 

-3-

 

 

 

Exhibit 99.1

 

 

 

For Release 

  

MySize Inc. Signs PNO Consultants with Plans to Expand Offices To Poland  

 

Airport City, Israel, February 10, 2017 — MySize Inc. (the “Company”) (NASDAQ: MYSZ;TASE: MYSZ), developer of proprietary, linear and circular, smartphone measurement applications, announced today that it has hired PNO Consultants to help secure non-refundable European Union grants to support the Company’s R&D activities including expanding the pipeline of applications and their types of usage.

 

Under the terms of this contract, PNO will prepare and process the funding applications as well as open and operate a subsidiary company for MySize in Poland, in accordance with all the specified legal and future requirements of the EU in relation to the grant procedure.  An office is to become operational only after a grant has been approved by the Polish government.

 

About PNO Consulting

 

PNO Consultants provides advice, tools and solutions for foreign investors interested in green-field or local joint-venture investments that support development of new projects with international potential. PNO also helps companies to secure and leverage public grants and state aid. PNO is actively engaged in 1500 projects spanning 20 countries and services 450 clients, for which it has raised, collectively, in excess of 897 million euros to date.

 

About MYSIZE

 

MySize Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique measurement technology based on sophisticated algorithms and cutting edge technology with broad applications including apparel industry, e-commerce, shipping and parcel industry measurement.  This proprietary technology is driven by several patent-pending algorithms which are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website. www.mysizeid.com.

 

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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. 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.  Known material factors that could cause actual results to differ materially from those in the forward-looking statements include: an active trading market for our common stock may not develop on NASDAQ; the trading price for our common stock may fluctuate significantly; and the Company will continue to be a "controlled company," as defined under NASDAQ rules, and the interests of our controlling stockholder may differ from those of our public stockholders.  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.

 

Press Contact

Marjie Hadad

MH Communications

marjierhadad@gmail.com

+972-54-536-5220