Business Context and Reporting Period
This Form 8-K filing by My Size, Inc. (Delaware) was submitted on October 11, 2018, reporting an event that occurred on October 10, 2018. The Company is headquartered in Airport City, Israel.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing status.
Material Changes
The primary material event reported is the resolution of a delisting notice:
- Non-Compliance Notice: On September 6, 2018, NASDAQ notified the Company of non-compliance with Listing Rule 5550(a)(2) due to a failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days.
- Compliance Regained: On October 10, 2018, NASDAQ Staff concluded the Company had regained compliance. This determination was based on the common stock closing bid price being at or above $1.00 per share for 10 consecutive business days between September 20, 2018, and October 9, 2018.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk addressed was the potential delisting from the NASDAQ Capital Market, which was resolved as of the report date. No unusual items or contingencies were disclosed.
Investor Verification Checklist
- Verify the current trading status of My Size, Inc. on the NASDAQ Capital Market.
- Confirm the stock's bid price stability over the 10-day period cited (Sept 20 - Oct 9, 2018) to ensure the compliance determination was accurate.
- Review subsequent filings to ensure the stock price has not fallen below the $1.00 threshold again, which could trigger a new delisting notice.