---
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"
generated_at: "2026-06-21T13:28:30.397578+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SmileDirectClub receives Nasdaq bid-price deficiency notice; 180-day cure period to May 17, 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001775625-22-000098
- form_type: 8-K
- cik: 0001775625
- company_name: SmileDirectClub, Inc.
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001775625-22-000098
- JSON: https://secwatch.observer/filing/0001775625-22-000098.json
- Plain text: https://secwatch.observer/filing/0001775625-22-000098.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775625/000177562522000098/0001775625-22-000098-index.htm

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