My Size, Inc. announced that it expects to receive $0.60 million in funding.

My Size, Inc. (TASE:MYSZ) announced a private placement of a convertible loan for gross proceeds of $603,000 on January 24, 2016. The company entered into an investment agreement. The loan will be due after 8 months from the date of issue and will be convertible into 172,285 common shares, at a fixed conversion price of $3.5 per share.

The company also issued 172,285 warrants exercisable at ILS 18 ($4.51244) per share. The conversion was done through www.oanda.com on January 24, 2016.