SMART FOR LIFE, INC.: Nasdaq/NYSE listing notice — Smart for Life receives second Nasdaq delisting notice for missing 2023 annual meeting

SMART FOR LIFE, INC.

Received Nasdaq notice on Jan 5, 2024 for failure to hold 2023 annual meeting; hearings panel will consider alongside prior equity deficiency.
Stockholders' equity was only $951,836 as of Sep 30, 2023, far below Nasdaq's $2.5M minimum for continued listing.
Company has requested a hearing before a Nasdaq panel to present compliance plan and seek extension; no guarantee of success.
Previously on Dec 5, 2023 Nasdaq notified company of equity non-compliance and initiated delisting proceedings.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SMART FOR LIFE, INC. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

Market as set forth in Listing Rule 5550(b)(1) (the “Equity Rule”), given that the Company’s Form 10-Q for the period ended September 30, 2023 evidenced stockholders’ equity of $951,836, and that the staff of Nasdaq had determined to delist the Company’s securities from Nasdaq unless the Company requested an appeal of the determination. Based on the foregoing, the

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SMART FOR LIFE, INC. received a nasdaq noncompliance notice notice regarding shareholders.

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: shareholders

Exact text from the filing

January 5, 2024, the Company received an additional notification letter from Nasdaq notifying the Company that it is not in compliance with the requirement to hold an annual meeting of shareholders since the Company did not hold an annual meeting in 2023. The letter stated that the hearings panel will consider this matter in rendering a determination regarding the Company’s continued listing on Nasdaq. At the hearing, the Company intends to present its plan for regaining compliance with the Equity Rule and present its views with respect to the additional deficiency relating to the annual meeti

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Source: SEC EDGAR

accession 0001213900-24-003015

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