Business Context and Reporting Period
My Size, Inc. filed this Form 8-K on February 17, 2017, reporting events that occurred on February 14, 2017. The filing addresses a request from the Tel Aviv Stock Exchange (TASE) to clarify technical difficulties regarding the transfer of the Company's shares between market clearing systems.
Key Financial Metrics
This filing is a Current Report regarding corporate events and does not contain financial statements. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material event reported is the resolution of technical constraints that previously hindered the transfer of My Size, Inc. shares from the TASE clearing system to the TASE DTC account with NASDAQ. The Company confirmed that as of February 16, 2017, these difficulties have been removed and share transfers can proceed without issue.
Management Commentary and Risks
Management explicitly stated that the technical problems encountered were neither the Company's responsibility nor within its control. The Company issued a press release on February 17, 2017, to formally communicate the resolution of these transfer issues to the public.
Investor Verification Checklist
- Verify that share transfers between TASE and NASDAQ are currently operational without technical hindrance.
- Confirm the date of the press release (February 17, 2017) attached as Exhibit 99.1 for full details.
- Note that this filing contains no financial performance data; refer to periodic reports (10-K/10-Q) for financial metrics.