Form 8-K - Current report
December 08 2023 - 4:06PM
Edgar (US Regulatory)
0001851860
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0001851860
2023-12-05
2023-12-05
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 8, 2023 (December 5, 2023)
SMART FOR LIFE, INC. |
(Exact
name of registrant as specified in its charter) |
Nevada |
|
001-41290 |
|
81-5360128 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
990 S Rogers Circle, Suite 3, Boca Raton, FL |
|
33487 |
(Address of principal executive
offices) |
|
(Zip Code) |
(786)
749-1221 |
(Registrant’s telephone
number, including area code) |
|
(Former
name or former address, if changed since last report) |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par value $0.0001 per share |
|
SMFL |
|
The Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging
Growth Company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item
3.01 | Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On
December 5, 2023, 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 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. As previously disclosed, the Company is subject
to a mandatory panel monitor until June 7, 2024, which requires the staff of Nasdaq to issue a delist determination letter in the event
that the Company fails to maintain compliance with any continued listing requirements. Accordingly, the Company will not be able to submit
a plan of compliance and possibly receive the 180-day grace period that could be afforded to Nasdaq listed companies to regain compliance
with the Equity Rule. Instead, the staff of Nasdaq has determined to delist the Company’s securities from Nasdaq unless the Company
requests an appeal of the determination. Based on the foregoing, the Company intends to timely request a hearing before a Nasdaq hearings
panel.
The
hearing request will stay the delisting pending the conclusion of the hearings process. At the hearing, the Company intends to present
its plan for regaining compliance with the Equity Rule and to request a further extension so that it may complete the execution of its
plan. Although the Company believes its plan will be sufficient to enable it to regain compliance, no assurance can be provided that
Nasdaq will ultimately accept the Company’s plan or that the Company will ultimately regain compliance with the Equity Rule.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: December 8, 2023 |
SMART FOR LIFE, INC. |
|
|
|
/s/ Darren C. Minton |
|
Name: |
Darren C. Minton |
|
Title: |
Chief Executive Officer |
2
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Cover
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Dec. 05, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Dec. 05, 2023
|
Entity File Number |
001-41290
|
Entity Registrant Name |
SMART FOR LIFE, INC.
|
Entity Central Index Key |
0001851860
|
Entity Tax Identification Number |
81-5360128
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
990 S Rogers Circle
|
Entity Address, Address Line Two |
Suite 3
|
Entity Address, City or Town |
Boca Raton
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
33487
|
City Area Code |
786
|
Local Phone Number |
749-1221
|
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Pre-commencement Tender Offer |
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|
Title of 12(b) Security |
Common Stock, par value $0.0001 per share
|
Trading Symbol |
SMFL
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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