My Size, Inc. (NASDAQ: MYSZ) is having an overwhelmingly strong day in the market today, and for good reason. The company announced that it has regained listing compliance with the NASDAQ. Of course, this led to excitement among investors, sending the stock screaming for the top. Today, we’ll talk about the news, what we’re seeing from MYSZ, and what we’ll be watching for ahead.
MYSZ Regains NASDAQ Compliance
As mentioned above, My Size is having an incredibly strong day in the market today after announcing that it has regained listing compliance with the NASDAQ. In a press release early this morning, the company announced that it has received two letters from The Nasdaq Stock Market. According to the letters received, MYSZ has regained compliance with the minimum bid price rule and the market value of listed securities rule.
In the release, the company said that based on their full compliance, the stock will continue to be listed on The Nasdaq Stock Market. In a statement, Ronen Luzen, CEO at MYSZ, had the following to offer:
We are very pleased to be in full compliance with Nasdaq’s listing requirements. We remain committed to continuing to develop innovative smartphone based measurement technologies which can significantly improve the online and physical retail shopping experience and to delivering long-term value to our shareholders.
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