{"schema_version":"secwatch.filing_event.v1","accession":"0001775625-22-000098","form_type":"8-K","ticker":null,"cik":"0001775625","company_name":"SmileDirectClub, Inc.","filed_at":"2022-11-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.074654+00:00","generated_at":"2026-06-21T13:28:30.397578+00:00","sec_items":["3.01","8.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SmileDirectClub receives Nasdaq bid-price deficiency notice; 180-day cure period to May 17, 2023","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001775625-22-000098","json":"https://secwatch.observer/filing/0001775625-22-000098.json","markdown":"https://secwatch.observer/filing/0001775625-22-000098.md","text":"https://secwatch.observer/filing/0001775625-22-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775625/000177562522000098/0001775625-22-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775625/000177562522000098/sdc-20221118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:28:30.397578+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9846b63f9a0abe8071dadb6bab58aaa05a7cc84","claim":"SmileDirectClub, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775625/000177562522000098/0001775625-22-000098-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}