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): ~~July 5~~August 8, 2023 ~~(June 29, 2023)~~

SmileDirectClub, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-39037

83-4505317

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)


414 Union Street Nashville, Tennessee						37219
(Address of Principal Executive Offices)						(Zip Code)

(800) 848-7566

(Registrant’s telephone number, including area code)

Not applicable

(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 Exchange Act:

Title of each class

Trading symbol

Name on each exchange on which registered

Class A common stock, par value $.0001 per share

SDC

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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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~~Securities ~~8.01. Other~~registered ~~Events.~~pursuant to Section 12(b) of the Exchange Act:

On June 29, 2023, SmileDirectClub, Inc. (the “Company”) received a determination from a Nasdaq Hearings Panel (the “Panel”) approving the Company’s compliance plan for meeting its minimum bid price deficiency and granting the Company’s request for the continued listing of its common stock on The Nasdaq Capital Market (“Nasdaq”), subject to the Company’s compliance with all applicable criteria for continued listing on Nasdaq, including the $1.00 bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2), by no later than November 14, 2023. The Company is taking definitive steps to timely evidence compliance with the terms of the Panel’s decision; however, there can be no assurance that it will be able to do so.

Title of each class

Trading symbol

Name on each exchange on which registered

Class A common stock, par value $.0001 per share

SDC

The NASDAQ Stock Market LLC

~~Forward-Looking~~Item ~~Statements~~2.02. Results of Operations and Financial Condition.

~~This~~On ~~Current Report on Form~~ August 8-K contains forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Forward-looking statements generally relate to future events and include, ~~without limitation~~2023, ~~projections~~SmileDirectClub, Inc. ~~forecasts~~issued ~~and~~a ~~estimates~~press ~~about~~release ~~possible~~announcing orits ~~assumed~~financial ~~future~~ results offor ~~our~~the ~~business,~~second ~~financial~~quarter ~~condition,~~ended ~~liquidity~~June 30, ~~results of operations, plans, and objectives~~2023. ~~Some~~A copy of ~~these~~the ~~statements~~press ~~may~~release ~~include~~is ~~words~~attached ~~such~~ as ~~“expects,”~~Exhibit 99.1 ~~“anticipates,”~~to ~~“believes,”~~this ~~“estimates,”~~Current ~~“targets,”~~Report ~~“plans,”~~on ~~“potential,”~~Form 8-K ~~“intends,”~~and ~~“projects,”~~is ~~and~~incorporated ~~“indicates~~herein by reference.”

~~Although~~The ~~they~~information ~~reflect~~in ~~our~~this ~~current,~~Current ~~good~~Report ~~faith~~on ~~expectations, these forward~~Form 8-~~looking statements are not a guarantee of future performance~~K, ~~and~~including ~~involve a number of risks, uncertainties, estimates, and assumptions, which are difficult to predict. Some of~~ the ~~factors~~information ~~that~~set ~~may~~forth ~~cause actual outcomes and results to differ materially from those expressed~~ in, orExhibit 99.1 ~~implied~~attached byhereto, ~~the~~shall ~~forward-looking statements include, but are~~ not ~~necessarily~~be ~~limited~~deemed ~~to:~~“filed” ~~the~~for ~~ultimate~~purposes ~~result~~ of ~~the~~Section 18 ~~Align~~of ~~arbitration;~~ the ~~current~~Securities ~~noncompliance~~Exchange ~~with~~Act ~~the~~of ~~minimum~~1934, ~~bid~~as ~~requirement~~amended, ~~pursuant~~or tootherwise ~~the~~subject ~~Nasdaq Listing Rules and the Company’s plans~~ to ~~regain compliance with~~ the ~~Rule;~~liability ~~our~~of ~~ability~~that tosection ~~consummate~~or ~~our~~Sections ~~convertible~~11 ~~note exchange~~ and ~~secure additional financing, the duration and magnitude~~ 12(a)(2) of the ~~COVID-19~~Securities ~~pandemic~~Act ~~and related containment measures; our management~~ of ~~growth; the execution of our business strategies~~1933, ~~implementation~~as ofamended. ~~new~~In ~~initiatives~~addition, ~~and~~this ~~improved~~information ~~efficiency;~~shall ~~our~~not ~~sales~~be ~~and~~deemed ~~marketing~~incorporated ~~efforts;~~by ~~our~~reference ~~manufacturing~~in ~~capacity,~~any ~~performance,~~filing ~~and cost; our ability to obtain future regulatory approvals; our financial estimates and needs for additional financing; consumer acceptance~~ of ~~and competition for our clear aligners; our relationships with retail partners and insurance carriers; our R&D~~SmileDirectClub, Inc. commercialization, and other activities and expenditures; the methodologies, models, assumptions, and estimates we use to prepare our financial statements, make business decisions, and manage risks; laws and regulations governing remote healthcare and the practice of dentistry; our relationships with ~~vendors;~~ the security of our operating systems and infrastructure; our risk management framework; our cash and capital needs; our intellectual property position; our exposure to claims and legal proceedings; and other factors described in our filings with the Securities and Exchange Commission, ~~including~~except ~~but~~as ~~not~~expressly ~~limited~~set toforth ~~our~~by ~~Annual~~specific ~~Report~~reference onin ~~Form~~any ~~10-K~~such ~~for the year ended December 31, 2022~~filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.						Description
99.1						Press release dated August 8, 2023, reporting financial results for the quarter ended June 30, 2023.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

			SMILEDIRECTCLUB, INC.
Date: July 5, 2023			By: /s/ Troy Crawford
			Troy Crawford
			Chief Financial Officer


			SMILEDIRECTCLUB, INC.


			By:			/s/ Troy Crawford
						Troy Crawford
						Chief Financial Officer

Date: August 8, 2023

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