My Size Completes 1-for-8 Reverse Stock Split

What happened

My Size, Inc., a provider of prepackaged software services based in Airport City, Israel, announced that it completed a 1-for-8 reverse stock split of its common stock. The split became effective at 4:30 p.m. Eastern Time on August 12, 2026, after the board of directors approved the ratio.

The reverse stock split was authorized by stockholders at the company's annual meeting held on July 21, 2026. The company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State to effect the split.

As a result, every eight shares of common stock were automatically converted into one share. The par value per share remains $0.001. No fractional shares were issued; instead, stockholders who would have received a fractional share will get a cash payment based on the closing price on August 12, 2026, adjusted for the split.

The stock will continue to trade on the Nasdaq Capital Market under the symbol "MYSZ" and will begin trading on a split-adjusted basis when the market opens on August 13, 2026. The new CUSIP number is 62844N 505. VStock Transfer, LLC is acting as the exchange agent.

The stock closed at $3.3376 on August 12, up 9.5% from the previous close of $3.048, with volume of 675,812 shares, well above the average volume of 16,256.

Why it happened

The filing states that the reverse stock split was approved by stockholders at the annual meeting on July 21, 2026, and that the board determined the exact ratio of 1-for-8. The company's press release dated August 10, 2026, announcing the split is included in the filing.

The filing does not explain the board's motivation for the reverse stock split. Reverse stock splits are often used by companies to raise their share price, but the filing does not state that as the reason here.

What this means

A Form 8-K is a current report that companies must file with the SEC to announce major events. This particular 8-K covers Items 3.03 (material modification to rights of security holders), 5.03 (amendment to articles of incorporation), and 8.01 (other events).

A reverse stock split is the opposite of a forward split: the company reduces the number of outstanding shares while increasing the price per share proportionally. The total market value of the company does not change. In this case, for every eight shares an investor held before the split, they now hold one share, and the share price should be roughly eight times higher.

The 8-K also notes that adjustments were made to the exercise price and number of shares issuable under outstanding options and warrants, which is standard in a reverse split to keep the value of those instruments unchanged.

The new CUSIP number is important because it identifies the shares for trading and clearing purposes. A change in CUSIP often occurs after a reverse split because the share count and price are altered.

Normally, after a reverse split, the stock begins trading at the adjusted price on the effective date. Investors should see the higher share price reflected in their accounts, and any fractional share entitlements will be paid in cash.