My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
My Size, Inc. (NASDAQ: MYSZ) has officially regained compliance with Nasdaq's Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. This status follows the stock's closing bid price being at or above $1.00 for ten consecutive business days. The compliance issue is now resolved, and Nasdaq has closed the matter. My Size offers AI-driven measurement solutions aimed at enhancing revenue growth and reducing costs for businesses.
- Regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price.
- Stock price maintained at or above $1.00 for ten consecutive business days.
- None.
AIRPORT CITY, Israel, Dec. 27, 2022 /PRNewswire/ -- My Size, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("My Size" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, reported the receipt of a formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's common stock to maintain a minimum bid price of
The Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at
About My Size, Inc.
My Size, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions including MySizeID and recently acquired Naiz Fit to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. My Size recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends My Size's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.
My Size has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about My Size, please visit our website: https://mysizeid.com.
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Please click here for a demonstration of how MySizeID provides a full sizing solution for the retail industry.
Register here for the MySizeID solution for your online store and here for the Naiz Fit solution.
To learn more about My Size and for additional information, please visit: our website: www.mysizeid.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to the acquisition, expected revenues, and the expected closing of the acquisition. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
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SOURCE My Size Inc.
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