SmileDirectClub, Inc.: Nasdaq/NYSE listing notice — SmileDirectClub receives Nasdaq bid-price deficiency notice; 180-day cure period to May 17, 2023

SmileDirectClub, Inc.

Nasdaq notified SDC on Nov 18, 2022 that stock closed below $1.00 for 30 consecutive business days.
Company has until May 17, 2023 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured, SDC may qualify for an additional 180-day period if it meets other listing standards.
Management states it will consider available options to regain compliance and remain listed on Nasdaq.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

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

SmileDirectClub, 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)

Exact text from the filing

November 18, 2022, SmileDirectClub, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s Class A common stock (“Common Stock”), for the last 30 consecutive business days, the Common Stock was below the $1.00 minimum bid price requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). As a result, the Company was notified by Nasdaq that it is not in compliance with the Minimum Bid Price Requirement (th

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Source: SEC EDGAR

accession 0001775625-22-000098

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