Current Report Filing (8-k)
November 18 2019 - 7:06AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): November 15, 2019
MY SIZE, INC.
(Exact name of registrant as specified in
its charter)
Delaware
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001-37370
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51-0394637
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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HaYarden 4, pob 1026,
Airport City, Israel 7010000
(Address of principal executive offices
and Zip Code)
Registrant’s telephone number, including
area code +972-3-600-9030
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on
which registered
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Common Stock, $0.001 par value per share
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MYSZ
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Nasdaq Capital Market
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.03 Material Modification to Rights of Security Holders.
To the extent required
by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.
Item 5.03 Amendment to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
As previously
disclosed, on August 5, 2019, My Size, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual
Meeting”). At the Annual Meeting, the stockholders approved, among other things, a proposal to grant discretionary authority
to the Company’s board of directors (the “Board”), to (A) amend the Amended And Restated Certificate of Incorporation
of the Company (the “Certificate of Incorporation”) to effect one or more consolidations of the issued and outstanding
shares of common stock of the Company, 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-30, 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) the Company shall not effect reverse stock splits that,
in the aggregate, exceeds 1-for-30, and (Y) any reverse stock split is completed no later than August 5, 2020.
On November 15, 2019, the Board approved a 1-for-15 reverse stock split of the Company’s issued
and outstanding shares of common stock (the “Reverse Stock Split”), and on the same day, 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 November 18,
2019. The Company’s common stock will begin trading on the Nasdaq on a split-adjusted basis when the market opens on November
19, 2019 and on the Tel Aviv Stock Exchange (the “TASE”) on a split adjusted basis when the market opens on November
20, 2019. On November 19, 2019, there will be no trading of the Company’s common stock on the TASE.
When the Reverse
Stock Split becomes effective, every 15 shares of the Company’s issued and outstanding common stock will automatically be
converted into one share of common stock, without any change in the par value per share. In addition, a proportionate adjustment
will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding options and
warrants entitling the holders to purchase common stock. Any fraction of a share of common stock that would otherwise have resulted
from the Reverse Stock Split will be rounded up to the next whole number.
The Company’s common stock will continue to trade on the Nasdaq Capital Market and the TASE under
the symbol “MYSZ.” The new CUSIP number for common stock following the Reverse Stock Split will be 62844N 208.
VStock
Transfer, LLC, the Company’s transfer agent, will act as the exchange agent for the Reverse Stock Split.
For
more information about the Reverse Stock Split, see the Company’s definitive proxy statement filed with the Securities and
Exchange Commission on July 8, 2019, the relevant portions of which are incorporated herein by reference. A copy of the Certificate
of Amendment is attached as Exhibit 3.1 hereto and incorporated herein by reference.
Item 8.01 Other Events.
On November 18, 2019, the Company
announced that the Board approved a one-for-fifteen reverse stock split of its common stock that is scheduled to become effective
after trading closes on November 18, 2019.
A
copy of the press release announcing these events is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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MY SIZE, INC.
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Date: November 18, 2019
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By:
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/s/ Ronen Luzon
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Name:
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Ronen Luzon
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Title:
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Chief Executive Officer
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3
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