SDC - Why SmileDirectClub Stock Is Tanking Monday | Benzinga
SmileDirectClub Inc (NASDAQ: SDC) shares are trading lower Monday after the company filed for Chapter 11 bankruptcy.
What Happened: Late Friday, SmileDirectClub voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code as part of a process to implement a comprehensive recapitalization transaction.
SmileDirectClub intends to continue its operations throughout the bankruptcy ...