My Size, Inc. (NASDAQ:MYSZ) shares jumped 50.61% to $2.50 in after-hours trading Monday after the company announced an acquisition-led strategy focused on building a defense technology platform.

MySize operates technology and commerce businesses serving the fashion and retail industries, including AI-enabled sizing solutions, e-commerce, second-hand fashion and brand distribution.

Defense Technology Strategy

MySize said it intends to evaluate potential defense technology businesses for acquisitions based on their technology capabilities, commercial activity, customer relationships, growth opportunities and financial profile.

The company said potential transactions would also be assessed based on capital requirements, regulatory considerations and their potential contribution to long-term stockholder value.

MySize CEO Ronen Luzon said the company aims to build a defense technology platform over time rather than pursue a single acquisition. The company plans to evaluate businesses based on their technology, commercial foundations and resources required to support growth.

MySize said it will assess potential acquisitions individually, with attention to technology differentiation, customer demand, operating performance, investment requirements and transaction terms.

The company has not established a fixed number, size or timetable for acquisitions. MySize said execution will depend on due diligence, definitive transaction terms, available capital and required Nasdaq, corporate, stockholder and regulatory approvals, as applicable.

The company also said implementing the strategy may require additional financing, including equity or equity-linked financing, which could result in substantial dilution to existing stockholders.

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Trading Metrics

MySize has a market capitalization of approximately $1.21 million.

The stock has a 52-week high of $11.04 and a 52-week low of $1.66.

MySize shares are down 81.96% over the past year.

Benzinga Edge Stock Rankings show negative rankings across the short-, medium- and long-term time frames.

Price Action: In the regular session, the stock fell 4.05% to close at $1.66, according to Benzinga Pro data.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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