Business
My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
AIRPORT CITY, Israel, Dec. 27, 2022 /PRNewswire/ -- My Size, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("My Size" or the "Company"), an omnichannel e-commerce
About this update from My Size, Inc.
[{"type":"text","content":"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 $1.00 per share.\nThe Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.\nAbout My Size, Inc.\nMy 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.\nMy 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.\nWe routinely post information that may be important to investors in the Investor Relations section of our website. Follow us on Facebook, LinkedIn, Instagram, and Twitter.\nPlease click here for a demonstration of how MySizeID provides a full sizing solution for the retail i...