Business Context and Reporting Period
This Form 8-K was filed by My Size, Inc. on January 11, 2024, reporting events occurring on that date. The Company is incorporated in Delaware and maintains its principal executive offices in Israel. Its common stock trades on the Nasdaq Capital Market under the symbol "MYSZ."
Key Financial Metrics
This filing is a current report regarding corporate governance and listing status. It does not contain financial statements, revenue figures, profit data, cash flow information, margins, debt levels, or liquidity metrics.
Material Changes
The primary material event reported is the confirmation of the voluntary delisting of the Company's common stock from the Tel Aviv Stock Exchange (TASE). Key details include:
- Shareholder Approval: Shareholders approved the delisting on December 27, 2023.
- TASE Confirmation: On January 11, 2024, TASE confirmed the request.
- Last Trading Day: The final day of trading on TASE is scheduled for March 27, 2024.
- Effective Delisting Date: The delisting is expected to take effect on March 31, 2024.
Outlook and Management Commentary
Management confirmed that the Company's common stock will continue to be listed and traded on the Nasdaq Stock Market LLC. All shares currently traded on TASE are expected to be transferred to Nasdaq for continued trading. The Company will maintain its obligation to file public reports in accordance with Nasdaq rules and SEC regulations. No specific financial guidance, risk factors, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the transfer of TASE shares to Nasdaq accounts by the March 27, 2024 deadline.
- Confirm the effective delisting date of March 31, 2024, to ensure trading continuity on Nasdaq.
- Review subsequent filings for any impact on the Company's liquidity or market capitalization following the delisting.