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home / articles / SMFL - Why Smart For Life (SMFL) Stock Is Volatile During Friday's Session | Benzinga

SMFL - Why Smart For Life (SMFL) Stock Is Volatile During Friday's Session | Benzinga

Smart for Life Inc.

Smart for Life Inc (NASDAQ:SMFL) shares are trading lower by 38% to $3.70 during Friday’s session. The company entered into agreements with holders of warrants to exercise them at a reduced price.

In a Friday SEC filing the company said on December 4, 2023, it had issued warrants to purchase 250,572 shares of common stock at $10.64 per share, with 183,370 warrants still outstanding. On May 30, the company entered into agreements with holders of these warrants to exercise them at a reduced price of $4.25 per share, generating $779,322.50.

In return, the company will issue new warrants to purchase 550,110 shares at $4.25 per ...

SMFL) Stock Is Volatile During Friday's Session>Full story available on Benzinga.com
Stock Information
Company Name: Smart for Life Inc.
Stock Symbol: SMFL
Market: NASDAQ
Website: smartforlifecorp.com
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