Form 8-K - Current report
December 18 2023 - 8:30AM
Edgar (US Regulatory)
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0001851860
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2023-12-15
2023-12-15
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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 18, 2023 (December 15, 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
8.01 Other Events.
As
previously disclosed, on December 5, 2023, Smart for Life, Inc. (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 or the alternative criteria 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, and that the staff of Nasdaq had determined to delist the Company’s securities from Nasdaq
unless the Company requested an appeal of the determination. Based on the foregoing, the Company timely requested a hearing before a
Nasdaq hearings panel.
On December 15, 2023, the Company received an additional notification
letter from Nasdaq notifying the Company that Nasdaq received the hearing request and that the hearing has been scheduled for March 2024.
Nasdaq confirmed that the delisting action has been stayed, pending a final written decision by the hearings panel. Nasdaq further confirmed
that the Company’s securities will resume trading on The Nasdaq Capital Market beginning on Monday, December 18, 2023.
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, if the Company has not demonstrated compliance prior. 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 18, 2023 |
SMART FOR LIFE, INC. |
|
|
|
/s/ Darren C.
Minton |
|
Name: |
Darren C. Minton |
|
Title: |
Chief Executive Officer |
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Cover
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Dec. 15, 2023 |
Cover [Abstract] |
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Document Type |
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Amendment Flag |
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Document Period End Date |
Dec. 15, 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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