SMART FOR LIFE, INC.: Nasdaq/NYSE listing notice — Smart for Life receives Nasdaq delinquency notice for late 10-K; equity estimated at $6M

SMART FOR LIFE, INC.

Received Nasdaq notice on April 17, 2024 for failing to file Form 10-K for year ended Dec 31, 2023, adding delisting basis.
Company already facing delisting for equity rule non-compliance ($2.5M requirement) and failure to hold 2023 annual meeting.
Hearing held March 12, 2024; Company presented compliance plan; no assurance Nasdaq will accept plan or grant extension.
Company claims estimated stockholders' equity of $6 million as of April 17, 2024, up from $951,836 at Sep 30, 2023.
Cannot predict outcome; securities remain at risk of delisting from Nasdaq.

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 noncompliance notice notice regarding late filing.

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing

Exact text from the filing

April 17, 2024, the Company received an additional notification letter from Nasdaq indicating that the Company is now delinquent in filing its Form 10-K for the year ended December 31, 2023, which serves as an additional basis for the delisting of the Company’s securities from The Nasdaq Capital Market. The letter stated that the hearings panel will consider this matter in rendering a determination regarding the Company’s continued listing on Nasdaq. In that regard, the letter stated that the Company should present its views with respect to this additional deficiency to the hearings panel no l

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

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

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

Exact text from the filing

December 5, 2023, Smart for Life, Inc. (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 or the alternative criteria for continued listing on The Nasdaq Capital 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

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Source: SEC EDGAR

accession 0001213900-24-035427

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