8-K
filed April 15, 2024, 7:59 PM ET
ticker MYSZ
CIK 0001211805
other material
confidence high
sentiment negative
materiality 0.55
My Size approves 1-for-8 reverse stock split to maintain Nasdaq listing
My Size, Inc.
- Stockholders approved reverse split authority at April 15 special meeting; vote was 1.73M for, 0.72M against.
- Board set ratio at 1-for-8; effective after market close on April 19, 2024; split-adjusted trading begins April 23.
- Outstanding shares will reduce from ~5.1M to ~0.64M; fractional shares rounded up to whole shares.
- Purpose is to regain compliance with Nasdaq continued listing requirements and attract institutional investors.
- CUSIP changes to 62844N 406; ticker MYSZ unchanged; proportionate adjustments to warrants and options.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
My Size, Inc.: Filed Certificate of Amendment to effect a 1-for-8 reverse stock split of common stock (effective 2024-04-19).
- Change
- charter amendment
- Effective
- 2024-04-19
Exact text from the filing
the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split, which will become effective as of 5:00 p.m. Eastern Time on April 19, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
My Size, Inc. shareholders approved Adjourn the Special Meeting to permit further solicitation if necessary at the 2024-04-15 meeting.
- Outcome
- passed
- Meeting
- 2024-04-15
Exact text from the filing
Proposal 2. Approval of a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Reverse Stock Split Proposal: For Against Abstain Broker Non-Votes 1,856,595 587,730 4,283 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
My Size, Inc. shareholders approved Grant discretionary authority to the Board to effect a reverse stock split within a range from 1-for-2 up to 1-for-15 at the 2024-04-15 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2024-04-15
Exact text from the filing
Proposal 1. Grant discretionary authority to the Company’s Board to (A) amend the Amended and Restated Certificate of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of the Company’s common stock pursuant to which the shares of common stock would be combined and reclassified into one (1) share of common stock at a ratio within the range from 1-for-2 up to 1-for-15 and (B) determine whether to arrange for the disposition of fractional interests by stockholders entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle stockholders to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that we shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-5, and (Y) any Reverse Stock Spli
View on SEC.gov
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