SmileDirectClub to Wind Down Business After Failing to Find Investor

SmileDirectClub will wind down its business after its efforts to recapitalize in bankruptcy failed.

The Nashville, Tenn.-based online teeth-straightening company said Friday efforts to identify investors or partners needed to recapitalize the business had failed.

“We were unable to find a partner willing to infuse the necessary capital for the path ahead given the ongoing difficult macroeconomic climate and the decline in discretionary consumer spend,” a company spokesperson said.

The company filed for bankruptcy in early October.


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