---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-043695"
form_type: "8-K"
ticker: null
cik: "0001851860"
company_name: "SMART FOR LIFE, INC."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:56:51.848736+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smart for Life converts $5.8M debt to equity, nets $4.1M from warrant exercise; regains Nasdaq equity compliance

## Summary
- Over $5.8M of debt and $1.2M of executive/board deferred comp converted into Series B preferred stock convertible at $2.23/share.
- Warrant inducement: 3,513,750 warrants exercised at $1.30/share for $4.5M gross ($4.1M net); new warrants for 7,027,500 shares at $2.17, 5.5-year term.
- Nasdaq granted extension to May 30, 2023; company now has stockholders' equity above $2.5M minimum.
- Executive Chairman A. Cervantes converted $827,494 deferred comp into 3,711 Series B shares; CEO D. Minton converted $350,826 into 1,574 shares.
- New 6% Secured Subordinated Promissory Note of $1,734,950 issued to Dr. Moulavi for unconverted principal and interest.

## SEC filing metadata
- accession: 0001213900-23-043695
- form_type: 8-K
- cik: 0001851860
- company_name: SMART FOR LIFE, INC.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851860/000121390023043695/0001213900-23-043695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851860/000121390023043695/ea179431-8k_smartfor.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-043695
- JSON: https://secwatch.observer/filing/0001213900-23-043695.json
- Plain text: https://secwatch.observer/filing/0001213900-23-043695.txt

## Key facts
- Debt Financings
  SMART FOR LIFE, INC. incurred loan of $1,734,950 with Dr. Sasson E. Moulavi at 6%.
  - Instrument: loan
  - Principal: $1,734,950
  - Counterparty: Dr. Sasson E. Moulavi
  - Rate: 6%
  - Event: incurrence
  source text: on May 26, 2023, the Company issued Dr. Moulavi a new 6% Secured Subordinated Promissory Note (the "Moulavi Balance Note"), having identical terms to the Moulavi Note but with a principal amount of $1,734,950
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390023043695/0001213900-23-043695-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.