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Sadot Group Inc. (NASDAQ:SDOT) ("Sadot" or the "Company"), today announced that it will effect a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common stock.
The Reverse Stock Split will become effective at 12:01 a.m. Eastern Daylight Time on September 15, 2025. The common stock will continue to trade on The Nasdaq Capital Market under the symbol "SDOT" and will begin trading on a post-split basis when the market opens on September 15, 2025. The new CUSIP number for the common stock following the Reverse Stock Split will be 627333404.
The Reverse Stock Split was approved by the Company's Board of Directors on August 22, 2025, and primarily intended to bring the Company into compliance with the minimum $1.00 per share requirement for continued listing on NASDAQ.
As a result of the Reverse Stock Split, every 10 shares of Sadot's issued and outstanding common stock will be automatically converted into one issued and outstanding share of common stock without any change in the par value of $0.0001 per share. The Reverse Stock Split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 9.9 million shares to approximately 1.0 million shares. The total number of shares of common stock authorized for issuance will then be reduced by a corresponding proportion from 20,000,000 shares to 2,000,000 shares. The Company is a Nevada corporation, and pursuant to the Nevada Revised Statutes, shareholder approval was not required to effect the Reverse Stock Split as both the number of authorized shares of the Common Stock and the number of issued and outstanding shares of the Common Stock were proportionally reduced as a result of the Reverse Stock Split.
Posted In: SDOT
