Summary by Moomoo AI
Smart for Life, Inc., a company listed on The Nasdaq Stock Market, is facing multiple compliance issues that could lead to the delisting of its securities. The company initially received a notification from Nasdaq on December 5, 2023, for not meeting the stockholders' equity requirement of $2.5 million, as its equity was reported at $951,836. Smart for Life requested a hearing to appeal the delisting decision. Additionally, on January 5, 2024, Nasdaq notified the company of non-compliance due to not holding an annual meeting in 2023. Further complicating matters, on April 17, 2024, Smart for Life was notified of its delinquency in filing its Form 10-K for the year ended December 31, 2023. The most recent issue, as of April 24, 2024, is the company's stock price closing below $1.00 for 30 consecutive...Show More