Business Context and Reporting Period
Company: My Size, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 21, 2021
Reporting Period: Specific event date of October 21, 2021.
Business Overview: The Company is incorporated in Delaware and maintains principal executive offices in Airport City, Israel. Its common stock trades on the Nasdaq Capital Market under the symbol "MYSZ."
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding a specific corporate event and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
Legal Action: On October 21, 2021, My Size, Inc. filed a lawsuit in the United States District Court for the Southern District of New York.
Defendants: The lawsuit is against David Lazar and Milton C. Ault III.
Reference: Details regarding the lawsuit are contained in a press release dated October 21, 2021, included as Exhibit 99.1 to this report.
Guidance, Outlook, and Risks
Management Commentary: The filing serves to disclose the initiation of legal proceedings. No forward-looking guidance, financial outlook, or management commentary regarding future performance is included in this specific document.
Risks and Contingencies: The filing highlights a material legal contingency involving litigation against two individuals. The specific claims, potential damages, or strategic impact of this lawsuit are not detailed within the body of this 8-K but are referenced in the attached press release.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) to understand the specific allegations and claims made against David Lazar and Milton C. Ault III.
- Verify the status of the lawsuit in the United States District Court for the Southern District of New York.
- Assess potential financial or operational impacts of the litigation on the Company's ongoing business.
- Confirm if there are any related disclosures in subsequent filings regarding the outcome or settlement of this legal action.