An investigation on behalf of investors in SmileDirectClub, Inc. (NASDAQ:SDC) shares over potential wrongdoing at SmileDirectClub, Inc. was announced.

San Diego, CA -- (SBWire) -- 09/21/2021 --Certain directors of SmileDirectClub, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of SmileDirectClub, Inc. (NASDAQ: SDC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain SmileDirectClub directors breached their fiduciary duties and caused damage to the company and its shareholders.

Nashville, TN based SmileDirectClub, Inc. operates a teledentistry platform that provides member's with a customized clear aligner therapy treatment in the United States and internationally. On or about September 11, 2019, the Company conducted its initial public offering ("IPO"), selling 58.5 million shares of stock priced at $23.00 per share.

SmileDirectClub, Inc. reported that its annual Total Revenue declined from $750.42 million in 2019 to $656.78 million in 2020 and that its Net Loss declined from $114.51 million in 2019 to $78.36 million in 2020.

On August 10, 2021, SmileDirectClub, Inc. announced financial results for the second quarter ended June 30, 2021. Total revenue was $174 million versus the guidance the company provided on May 10, 2021, of $195 million to $200 million.

Shares of SmileDirectClub, Inc. (NASDAQ: SDC) declined from $15.86 per share in January 2021, to as low as $4.63 per share on August 23, 2021.

Those who purchased shares of SmileDirectClub, Inc. (NASDAQ: SDC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.