My Size warned on Nasdaq $1 bid price rule
My Size, Inc. received a notice from Nasdaq that its stock no longer meets the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market.
Rhea-AI Filing Summary
My Size, Inc. received a notice from Nasdaq that its stock no longer meets the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market. This follows 30 consecutive business days with a closing bid price below that level.
The company has 180 calendar days, until August 31, 2026, to regain compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days. If it still does not comply, it may qualify for an additional 180-day period if it meets other Nasdaq listing standards.
If compliance is not regained, Nasdaq may move to delist the shares, though My Size would have the right to appeal. The company plans to monitor its share price and is considering options such as a potential reverse stock split to restore compliance.
Positive
- None.
Negative
- Nasdaq minimum bid price deficiency formally identified after 30 consecutive business days below $1.00, creating a structured path that can culminate in delisting if unresolved.
- Finite compliance window with a 180-day period to restore the bid price, and only a potential second 180-day extension if other listing standards are met, heightening listing uncertainty.
Insights
Nasdaq bid-price deficiency raises clear delisting risk if unresolved.
My Size, Inc. has been notified that its shares failed Nasdaq’s $1.00 minimum bid requirement for 30 consecutive business days, triggering a formal deficiency period that can ultimately lead to delisting from the Nasdaq Capital Market.
The company has until August 31, 2026 to achieve a closing bid of at least $1.00 for 10 straight business days, with the possibility of a second 180-day extension if it satisfies other initial listing standards. Otherwise, Nasdaq may initiate delisting, subject to appeal to a Hearings Panel.
Management explicitly notes it may consider a reverse stock split to regain compliance. Such corporate actions can affect share count and trading dynamics, so subsequent disclosures around any proposed split or Nasdaq’s follow-up determinations will be key markers of how this listing issue evolves.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did My Size, Inc. (MYSZ) disclose about its Nasdaq listing status?
How long does My Size, Inc. (MYSZ) have to regain Nasdaq bid price compliance?
What happens if My Size, Inc. (MYSZ) cannot meet the Nasdaq bid price rule by August 31, 2026?
Could My Size, Inc. (MYSZ) be delisted from Nasdaq due to this notice?
Is My Size, Inc. (MYSZ) considering a reverse stock split to regain compliance?
Does the Nasdaq notice immediately affect trading of My Size, Inc. (MYSZ) stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.