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Smart for Life Shares Hit 52-Week Low After Warrant Exercise Agreement

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By Chris Wack

Smart for Life shares were down 38% to $1.35 on Tuesday after the company said it agreed with several accredited investors to exercise certain outstanding warrants to buy up to 3.5 million shares it issued on July 1, 2021 and Aug. 18, 2021.

The stock hit its 52-week low of $1.30 earlier in the session and is down 95% over the…

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