Business Context and Reporting Period
This Form 8-K Current Report was filed by My Size, Inc. on January 25, 2018. The report addresses the Company's status regarding compliance with The NASDAQ Stock Market, LLC listing standards, specifically concerning minimum bid price and Market Value of Listed Securities (MVLS) requirements.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance status.
Material Changes and Listing Status
- Minimum Bid Price Compliance: The Company was previously notified on September 26, 2017, of non-compliance with NASDAQ Listing Rule 5550(a)(2) due to a failure to maintain a minimum bid price of $1.00 per share. On January 22, 2018, NASDAQ Staff concluded the Company regained compliance after the stock closed at $1.00 or greater for 10 consecutive business days (January 5–19, 2018).
- Market Value of Listed Securities (MVLS) Compliance: The Company had been notified of MVLS deficiencies (Rule 5550(b)(2)) in June 2017 and December 2017, facing potential delisting. On January 26, 2018, the NASDAQ Hearings Advisor confirmed the deficiency was cured and the Company is in compliance with all applicable listing standards.
- Delisting Avoidance: A scheduled hearing before the NASDAQ Hearings Panel regarding the MVLS deficiency was cancelled following the confirmation of compliance.
Outlook and Management Commentary
Management confirmed that the Company's common stock will continue to trade on The NASDAQ Stock Market under the symbol "MYSZ." The filing references a press release issued on January 25, 2018, announcing the regaining of compliance. No forward-looking financial guidance or discussion of operational risks was included in this specific report.
Investor Verification Checklist
- Verify the current trading price of "MYSZ" to ensure it remains above the $1.00 minimum bid price threshold.
- Confirm the Company's current Market Value of Listed Securities to ensure continued compliance with the $35 million requirement.
- Review the attached press release (Exhibit 99.1) for any additional details on the Company's strategy to maintain listing standards.
- Check subsequent filings for any new notices of non-compliance from NASDAQ.