secwatch.observer — SEC 8-K summary
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Issuer:     SMART FOR LIFE, INC. (—)
CIK:        0001851860
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001213900-22-077385
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMFL receives Nasdaq delisting notice for equity deficiency; extends debt maturities
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/0001213900-22-077385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851860/000121390022077385/ea169583-8k_smartforlife.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-077385

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