Business Context and Reporting Period
This Form 8-K was filed by My Size, Inc. on November 20, 2019, reporting events occurring on that date. The Company is incorporated in Delaware and trades on the Nasdaq Capital Market under the symbol MYSZ.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. It is a current report focused on a specific corporate action regarding equity instruments.
Material Changes
The primary event reported is an adjustment to outstanding warrants pursuant to anti-dilution provisions:
- Event: Reduction of the per share exercise price for outstanding warrants.
- Warrant Count: 144,277 shares of common stock.
- New Exercise Price: $4.10 per share.
- Cause: The adjustment followed a 1-for-15 reverse stock split effected on November 18, 2019, and the issuance of shares under the Company's at-the-market offering program.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the mechanical adjustment of the warrant exercise price.
Investor Verification Checklist
- Verify the impact of the 1-for-15 reverse stock split on the Company's share count and liquidity.
- Confirm the total number of outstanding warrants and their expiration dates.
- Review the terms of the at-the-market offering program that contributed to the anti-dilution adjustment.
- Check subsequent filings for any further capital structure changes or liquidity updates.