---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-037919"
form_type: "8-K"
ticker: null
cik: "0001851860"
company_name: "SMART FOR LIFE, INC."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:42:59.139843+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Smart for Life receives Nasdaq bid price deficiency; no compliance period due to prior reverse splits

## Summary
- On April 24, 2024, Nasdaq notified Smart for Life that its common stock closed below $1.00 for 30 consecutive business days, violating Bid Rule.
- Due to prior reverse stock splits totaling 250:1+, the company is not eligible for a 180-day compliance period; delisting determination will be at hearings panel.
- Company’s hearing was held March 12, 2024; it presented a compliance plan for equity rule and annual meeting deficiency.
- Company filed Form 8-K on March 7 showing stockholders' equity over $2.5M; now estimates equity at $6M.
- No assurance that Nasdaq will accept the plan or that the company will regain compliance.

## SEC filing metadata
- accession: 0001213900-24-037919
- form_type: 8-K
- cik: 0001851860
- company_name: SMART FOR LIFE, INC.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851860/000121390024037919/0001213900-24-037919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851860/000121390024037919/ea0205018-8k_smart.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-037919
- JSON: https://secwatch.observer/filing/0001213900-24-037919.json
- Plain text: https://secwatch.observer/filing/0001213900-24-037919.txt

## Key facts
- Listing & Compliance Notices
  SMART FOR LIFE, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: April 24, 2024. On April 24, 2024, the Company received an additional notification letter from Nasdaq notifying the Company that its securities had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, does not comply with Listing Rule 5550(a)(2) (the “Bid Rule”). The notification letter further stated that while a company would normally be afforded a 180-calendar day period to demonstrate compliance with the Bid Rule, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Rule 5810(c)(3)(A)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390024037919/0001213900-24-037919-index.htm
- Listing & Compliance Notices
  SMART FOR LIFE, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5550(a)(2), 5810(c)(3)(A)(iv)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5550(a)(2), 5810(c)(3)(A)(iv)
  source text: l no later than April 24, 2024. On April 24, 2024, the Company received an additional notification letter from Nasdaq notifying the Company that its securities had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, does not comply with Listing Rule 5550(a)(2) (the “Bid Rule”). The notification letter further stated that while a company would normally be afforded a 180-calendar day period to demonstrate compliance with the Bid Rule, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Ru
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390024037919/0001213900-24-037919-index.htm

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