MySize rises 21% on 1-for-25 reverse stock split

MySize (NASDAQ:MYSZ) said on Wednesday it had approved a 1-for-25 reverse stock split of its common stock.
The reverse stock split was done to increase the per share price and bid price of the Company's common stock to regain compliance with the continued listing requirements of Nasdaq.
The number of outstanding shares will be reduced from about 36M to about 1.5M.
(MYSZ) rises 21% after the bell.