MySize Shares Rise 20% on 1-for-8 Reverse Stock Split

Dow Jones04-16

By Stephen Nakrosis

Shares of MySize were trading higher in the after-hours market Monday, following news the company will effect a 1-for-8 reverse stock split.

After the bell, the stock had risen 20% to trade at 52 cents. Volume after hours topped 147,000 shares. The stock finished the day's regular session with a 3.5% loss, closing at 43 cents.

The e-commerce platform and provider of AI-driven measurement solutions expects its shares to begin trading on a reverse split adjusted basis April 23 on the Nasdaq.

MySize said the reverse stock split would enable it to regain compliance with Nasdaq continued listing requirements and could make its common stock more attractive to institutional investors.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 15, 2024 16:51 ET (20:51 GMT)

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