My Size regains compliance with Nasdaq minimum closing bid price rule

MySize announced the receipt of a formal notification from The Nasdaq Stock Market LLC 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. The 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.