It has been announced that the Board of Directors of MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) (“MySize” or the “Company”) has approved a one-for-twenty-five reverse stock split of the Company’s common stock, effective following the close of trading on December 8, 2022. On a split-adjusted basis, the Company’s common stock will begin trading on the Nasdaq Capital Market under the new CUSIP number 62844N 307 beginning on December 9, 2022. The MYSZ ticker symbol will remain in use for trading of the Company’s common shares on the Nasdaq Capital Market. Previously announced, at the MySize Annual Meeting of Stockholders held on December 7, 2022, stockholders approved a proposal authorising the Board of Directors to, among other things, effect a reverse stock split at a ratio in the range of 1-for-10 to 1-for-30 in order to increase the per share price and bid price of the Company’s common stock to regain compliance with the continued listing requirements of Nasdaq and make the common stock more liquid.
After the reverse stock split takes effect, shareholders of record will receive one share of common stock for every 25 shares of common stock now held by the Company. Further, the aggregate exercise price per share and the aggregate number of shares issuable upon exercise of all existing options and warrants to purchase common stock shall be adjusted proportionately.

Source: Prnewswire