Current Report Filing (8-k)
September 12 2018 - 3:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 12, 2018
MY SIZE, INC.
(Exact name of registrant as specified in its
charter)
Delaware
|
|
001-37370
|
|
51-0394637
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer
Identification No.)
|
3 Arava St., pob 1026,
Airport City, Israel 7010000
(Address of principal executive offices and
Zip Code)
Registrant’s telephone number, including
area code
+972-3-600-9030
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 3.01 Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
September 6, 2018, My Size, Inc. (the “Company”) was notified (the “Notification Letter”) by The NASDAQ
Stock Market, LLC (“NASDAQ”)
that it is not in compliance with the minimum bid price
requirements set forth in
NASDAQ
Listing Rule 5550(a)(2) for continued listing on
The
NASDAQ
Capital Market.
NASDAQ
Listing
Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and
NASDAQ
Listing
Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period
of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business
days prior to the date of the Notification Letter, the Company no longer meets the minimum bid price requirement.
The
Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on The NASDAQ Capital
Market and, at this time, the common stock will continue to trade on The NASDAQ Capital Market under the symbol “MYSZ”.
The
Notification Letter provides that the Company has 180 calendar days, or until March 5, 2019, to regain compliance with NASDAQ
Listing
Rule 5550(a)(2). To regain compliance, the bid price of the Company's common stock must have a closing bid price of at least $1.00
per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by
March 5, 2019
,
an additional 180 days may be granted to regain compliance, so long as the Company meets The
NASDAQ
Capital
Market continued listing requirements (except for the bid price requirement) and notifies
NASDAQ
in
writing of its intention to cure the deficiency during the second compliance period. If the Company does not qualify for the second
compliance period or fails to regain compliance during the second 180-day period, then
NASDAQ
will
notify the Company of its determination to delist the Company's common stock, at which point the Company will have an opportunity
to appeal the delisting determination to a Hearings Panel.
The
Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options,
including, but not limited to, implementing a reverse stock split of its outstanding securities, to regain compliance with the
minimum bid price requirement under the NASDAQ
Listing Rules.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
MY SIZE, INC.
|
|
|
|
Date: September 12, 2018
|
By:
|
/s/ Ronen Luzon
|
|
Name:
|
Ronen Luzon
|
|
Title:
|
Chief Executive Officer
|
My Size (NASDAQ:MYSZ)
Historical Stock Chart
From Apr 2024 to May 2024
My Size (NASDAQ:MYSZ)
Historical Stock Chart
From May 2023 to May 2024