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IPO · SMFL

Smart for Life, Inc.

Formerly Bonne Sante Group, Inc.

Smart for Life, Inc. (SMFL) priced its initial public offering on Feb 17, 2022 at $10.00 per share, within its $9.00–$11.00 range, raising $14.4M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $205.7M. Bevilacqua advised the company and Schiff Hardin advised the underwriters.

Smart for Life, Inc. is a global holding company developing, marketing, manufacturing and selling a broad range of nutritional products with an emphasis on health and wellness. It follows a buy-and-build strategy, acquiring companies and developing proprietary products.

Status
IPO
Ticker
SMFL
Exchange
Nasdaq Capital Market
Priced
Feb 17, 2022
IPO price
$10.00
Price range
$9.00–$11.00
Raised
$14.4M
Market cap at IPO price
$205.7M
First filed
Dec 16, 2021
Company counsel
Bevilacqua
Underwriters' counsel
Schiff Hardin
Sector
Biotech & pharma
Country / state
FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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