Business Context and Reporting Period
This Form 8-K was filed by My Size, Inc. on December 12, 2017. The report addresses a critical regulatory event concerning the company's listing status on The NASDAQ Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric referenced is the NASDAQ Listing Rule 5550(b)(2) requirement for a minimum Market Value of Listed Securities of $35 million, which the company failed to maintain by December 4, 2017.
Material Changes and Events
- Delisting Notice: The company received notice from NASDAQ that its failure to meet the $35 million market value requirement would result in delisting effective December 14, 2017.
- Appeal Filed: On December 12, 2017, the company formally requested an appeal before the Nasdaq Hearings Panel.
- Stay of Delisting: The appeal has temporarily stayed the delisting process pending a final written decision.
Outlook, Risks, and Management Commentary
- Hearing Schedule: A hearing regarding the appeal is scheduled for January 25, 2018.
- Uncertainty: Management explicitly states that no assurance can be given that the company will be successful in its appeal.
- Primary Risk: The immediate risk is the potential delisting of the company's securities from The NASDAQ Capital Market if the appeal is unsuccessful.
Investor Verification Checklist
- Verify the outcome of the Nasdaq Hearings Panel scheduled for January 25, 2018.
- Monitor the company's current market capitalization to assess compliance with the $35 million threshold.
- Review subsequent filings for any alternative listing plans or delisting confirmations.
- Check for any additional disclosures regarding the company's financial health that may have contributed to the market value decline.