MySize outlines plan to build defense technology platform through acquisitions
MySize (MYSZ) announced its strategy to develop a defense technology platform by pursuing potential acquisitions. The company will assess target businesses based on their technological capabilities, commercial activity, customer relationships, growth opportunities, and financial health. It also emphasized the importance of evaluating capital requirements, regulatory considerations, and long-term value creation for shareholders. The announcement comes as MySize's stock fell 3.47% to $1.67 in pre-market trading on Monday. The company has previously taken steps such as approving a reverse stock split aimed at improving its financial standing.
