Business Context and Reporting Period
Company: My Size, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 12, 2020
Reporting Period: Event date May 12, 2020; Signed May 14, 2020
Business Context: The filing addresses the Company's compliance status with Nasdaq Stock Market listing requirements regarding stockholders' equity.
Key Financial Metrics
This filing is a current report regarding regulatory compliance and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Regulatory Status Change:
- Prior Status: On November 19, 2019, the Company received notice of non-compliance with the Nasdaq Listing Rule 5550(b)(1) (Stockholders' Equity Rule), which requires a minimum of $2.5 million in stockholders' equity.
- Interim Action: On February 7, 2020, the Nasdaq Hearings Panel granted the Company an extension to regain compliance until May 18, 2020.
- Current Status: On May 12, 2020, the Company received written notice from Nasdaq confirming it has regained compliance with the Stockholders' Equity Rule. The matter is now closed.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the successful resolution of the listing deficiency without providing forward-looking financial guidance or operational outlook.
Risks and Contingencies: The primary risk addressed was the potential delisting due to insufficient stockholders' equity. This risk has been mitigated as of the report date. No other unusual items or contingencies are disclosed in this document.
Investor Verification Checklist
- Verify the Company's current stockholders' equity balance in the most recent 10-Q or 10-K to confirm it exceeds the $2.5 million threshold.
- Confirm the Company's continued listing status on the Nasdaq Capital Market under symbol MYSZ.
- Review subsequent filings for any new compliance notices or financial updates following the May 12, 2020 resolution.