Research Summary
AI-generated summary of this SEC filing
My Size, Inc. Announces 1-for-8 Reverse Stock Split
What Happened My Size, Inc. (Nasdaq: MYSZ) announced that its board approved a 1-for-8 reverse stock split of its issued and outstanding common stock. The company filed a Certificate of Amendment with the Delaware Secretary of State to effect the reverse split, which became effective at 4:30 p.m. Eastern Time on August 12, 2026. My Size common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market when the market opens on August 13, 2026, and will continue to trade under the ticker "MYSZ."
Key Details
- Reverse split ratio: 1-for-8 (every eight shares automatically converted into one share).
- Effective date/time: August 12, 2026 at 4:30 p.m. ET; split-adjusted trading begins Aug 13, 2026 open.
- Par value: unchanged at $0.001 per share; new CUSIP for common stock: 62844N 505.
- Options/warrants: per-share exercise prices and number of shares issuable were proportionately adjusted.
- Fractional shares: no fractional shares will be issued; holders entitled to fractional shares will receive a cash payment equal to the fraction times the Nasdaq closing price (adjusted for the split) on August 12, 2026.
- Transfer agent/exchange agent: VStock Transfer, LLC. A press release dated August 10, 2026 was attached as an exhibit to the 8-K.
Why It Matters The reverse stock split consolidates outstanding shares and raises the per-share quote by converting every eight shares into one, while leaving each holder's proportional ownership unchanged (except for cash-outs of fractional shares). Outstanding equity awards, options and warrants were adjusted to reflect the split. For most retail investors, no action is required—their holdings will be automatically converted and any fractional-share entitlements will be paid in cash. Contact the transfer agent (VStock Transfer) for questions about exchange procedures or cash payment timing.