SmileDirectClub Files for Bankruptcy Due to Pandemic Woes and Rising Costs

SmileDirectClub files for Chapter 11 bankruptcy due to COVID shutdowns, supply chain issues, labor shortage, inflation, consumer behavior changes, and litigation.
Company plans to liquidate if it can't find a buyer.
Estimated assets between $500M-$1B, estimated liabilities between $1B-$10B.
Known for invisible aligners.
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Relevant topic timeline:

10/2/2023

SmileDirectClub Faces Liquidation in 2 Months If No Buyer Found, 4 Years After $1.35B IPO

Dental aligner company SmileDirectClub Inc. will search for a buyer for two months and liquidate if unsuccessful, following its Chapter 11 bankruptcy filing.