Business Context and Reporting Period
My Size, Inc. (MYSZ), a Delaware corporation, filed this Form 8-K on February 7, 2020, regarding regulatory compliance matters with the Nasdaq Capital Market.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or debt figures. The only financial metric referenced is the minimum stockholders' equity requirement of $2.5 million, which the Company previously failed to meet as of September 30, 2019.
Material Changes and Regulatory Status
- Bid Price Compliance: The Nasdaq Hearings Panel determined the Company has evidenced full compliance with the minimum $1.00 per share bid price requirement.
- Stockholders' Equity Extension: The Panel granted an extension through May 18, 2020, for the Company to demonstrate compliance with the $2.5 million stockholders' equity requirement.
- Listing Status: The Company's request for continued listing on the Nasdaq Capital Market was approved pending the equity compliance deadline.
Outlook, Risks, and Management Commentary
Management's focus is on regaining compliance with the Stockholders' Equity Rule by the May 18, 2020 deadline. The primary risk remains the potential delisting if the Company fails to meet the $2.5 million equity threshold by the extended deadline. No specific financial guidance or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the Company's current stockholders' equity balance to assess progress toward the $2.5 million threshold.
- Monitor the stock price to ensure continued compliance with the $1.00 minimum bid price requirement.
- Review subsequent filings for updates on the plan to regain equity compliance before May 18, 2020.