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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.