other material
confidence high
sentiment positive
materiality 0.90
Muscle Maker subsidiary Sadot generates $209M revenue in first 3 months; triggers board additions
Sadot Group Inc.
- Sadot LLC generated $209.1M total revenue in first 90 days, including $58.5M in January 2023.
- Sadot exceeded $3.3M net income milestone, triggering AGGIA's right to nominate two new board members.
- Hannah Oh and Ray Shankar appointed to Muscle Maker board, effective March 1, 2023.
- AGGIA can nominate up to 8 more board members and earn shares at $1.5625 per share upon further net income milestones.