Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1188

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 1188
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 or frustrate attempts by our stockholders
to replace or remove our management. In particular, the Certificate of Incorporation, Bylaws and Delaware law, as applicable, among other
things:

    ●
    provide
    the board of directors with the ability to alter the Bylaws without stockholder approval;

    ●
    the
    classification of our board of directors;

    ●
    place
    limitations on the removal of directors;

    ●
    provide
    that vacancies on the Board of Directors may be filled by a majority of directors in office, although less than a quorum;

    ●
    require
    that stockholder actions must be affected at a duly called stockholder meeting and generally prohibiting stockholder actions by written
    consent;

    ●
    eliminate
    the ability of stockholders to call a special meeting of stockholders; and

    ●
    establish
    advance notice requirements for nominations for election to the Board of Directors or for proposing matters that can be acted upon
    at duly called stockholder meetings.

We
are subject to Section 203 of the Delaware General Corporation Law which, subject to certain exceptions, prohibits “business combinations”
between a publicly-held Delaware corporation and an “interested stockholder,” which is generally defined as a stockholder
who becomes a beneficial owner of 15% or more of a Delaware corporation’s voting stock for a three-year period following the date
that such stockholder became an interested stockholder. These provisions are expected to discourage certain types of coercive takeover
practices and inadequate takeover bids and to encourage persons seeking to acquire control of us to first negotiate with our board. These
provisions may delay or prevent someone from acquiring or merging with us, which may cause the market price of our common stock and the
value of our securities to decline.

34

If
we fail to comply with the continued listing requirements of the Nasdaq Capital Market, our common stock may be delisted and the price
of our common stock and our ability to access the capital markets could be negatively impacted.

Nasdaq
has established certain standards for the continued listing of a security on the Nasdaq Capital Market. The standards for continued listing
include, among other things, that the minimum bid price for the listed securities not fall below $1.00 per share for a period of 30 consecutive
trading days and that we maintain a minimum of $2,500,000 in shareholders’ equity.

We
have in the past fallen out of compliance