--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-22-077385" form_type: "8-K" ticker: null cik: "0001851860" company_name: "SMART FOR LIFE, INC." filed_at: "2022-12-02T23:59:59+00:00" generated_at: "2026-06-21T10:25:59.601643+00:00" event_type: "regulatory" sentiment: "negative" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # SMFL receives Nasdaq delisting notice for equity deficiency; extends debt maturities ## Summary - Nasdaq notified SMFL of non-compliance with $2.5M stockholders' equity rule (equity $2,051,279 as of Sep 30, 2022). - Nasdaq terminated bid price grace period early; SMFL will request hearing to stay delisting. - Extended Ceautamed Notes maturity to June 1, 2023; default interest increased to 15%. - Amended DSO Note: deferred first payment to Feb 15, 2023; maturity to Aug 15, 2024; shares and fee to Moulavi. - Entered new 7,877 sq ft HQ lease in Boca Raton, FL, term through Dec 2029 with 3.5% annual rent increases. ## SEC filing metadata - accession: 0001213900-22-077385 - form_type: 8-K - cik: 0001851860 - company_name: SMART FOR LIFE, INC. - filed_at: 2022-12-02T23:59:59+00:00 - event_type: regulatory - sentiment: negative - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.03, 3.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/ea169583-8k_smartforlife.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-22-077385 - JSON: https://secwatch.observer/filing/0001213900-22-077385.json - Plain text: https://secwatch.observer/filing/0001213900-22-077385.txt ## Key facts - Listing & Compliance Notices SMART FOR LIFE, INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b), 5101). - Exchange: nasdaq - Notice: deficiency notice - Deficiency: stockholders equity - Rules: 5550(b), 5101 source text: November 28, 2022, the Company received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the Nasdaq stockholders’ equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market, as set forth in Listing Rule 5550(b), given that the Company’s Form 10-Q for the period ended September 30, 2022 evidenced stockholders’ equity of only $2,051,279. The Company was previously under a grace period for the $1.00 bid price requirement, as set forth in Listing Rule 5550(a)(2), that was set to expire on November 29 evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm - Listing & Compliance Notices SMART FOR LIFE, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5101). - Exchange: nasdaq - Notice: deficiency notice - Deficiency: minimum bid price - Rules: 5550(a)(2), 5101 source text: November 28, 2022, the Company received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the Nasdaq stockholders’ equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market, as set forth in Listing Rule 5550(b), given that the Company’s Form 10-Q for the period ended September 30, 2022 evidenced stockholders’ equity of only $2,051,279. The Company was previously under a grace period for the $1.00 bid price requirement, as set forth in Listing Rule 5550(a)(2), that was set to expire on November 29 evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm - Material Agreements SMART FOR LIFE, INC. entered into Lease with 990 S Rogers Circle, LLC (effective 2022-11-28). - Action: entry - Agreement: lease - Counterparty: 990 S Rogers Circle, LLC - Effective: 2022-11-28 source text: On November 28, 2022, Smart for Life, Inc. (the “Company”) entered into a lease agreement (the “Lease”) with 990 S Rogers Circle, LLC (the “Landlord”) for a 7,877 square foot premises located in Boca Raton, Florida, which will serve as the Company’s new corporate headquarters. evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm - Material Agreements SMART FOR LIFE, INC. amended DSO Amendment with Sasson E. Moulavi (effective 2022-11-29). - Action: amendment - Agreement: notes offering - Counterparty: Sasson E. Moulavi - Effective: 2022-11-29 source text: On November 29, 2022, the Company entered into a letter agreement with Dr. Moulavi to amend the terms of the DSO Note (the “DSO Amendment”). evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm - Material Agreements SMART FOR LIFE, INC. amended Ceautamed Amendments with holders of most of the Ceautamed Notes (effective 2022-11-28). - Action: amendment - Agreement: notes offering - Counterparty: holders of most of the Ceautamed Notes - Effective: 2022-11-28 source text: On November 28, 2022, the Company entered into letter agreements with the holders of most of the Ceautamed Notes to amend the terms of the Ceautamed Notes (the “Ceautamed Amendments”). evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.