---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018473"
form_type: "8-K"
ticker: "SDOT"
cik: "0001701756"
company_name: "Sadot Group Inc."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:19:34.418148+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Muscle Maker subsidiary Sadot acquires option to buy 70% of 4,942-acre Zambian farm for ~$8.5M

## Summary
- Sadot LLC (Muscle Maker subsidiary) acquires call option to purchase 70% of 4,942 acres of agricultural land in Zambia's Mkushi Farm Block.
- Purchase price approximately $8.5 million; Sadot to contribute $3.5 million into escrow to discharge an ABSA Bank loan secured by the farm.
- Joint venture formed with Cropit Farming: Sadot holds 70% equity in Sadot Zambia, Cropit holds 30%; JV will own 100% of the farm.
- Closing is subject to clearance from the Zambian Competition and Consumer Protection Commission.
- Transaction structured via assignment of existing Put and Call Option Agreement from Zamproagro to Sadot, dated May 16, 2023.

## SEC filing metadata
- accession: 0001493152-23-018473
- form_type: 8-K
- ticker: SDOT
- cik: 0001701756
- company_name: Sadot Group Inc.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701756/000149315223018473/0001493152-23-018473-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701756/000149315223018473/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018473
- JSON: https://secwatch.observer/filing/0001493152-23-018473.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018473.txt

## Key facts
- Material Agreements
  Sadot Group Inc. entered into Escrow Agreement with Cropit Farming Limited and Chibesakunda & Co. valued at $3.5 million (effective 2023-05-16).
  - Action: entry
  - Counterparty: Cropit Farming Limited and Chibesakunda & Co.
  - Value: $3.5 million
  - Effective: 2023-05-16
  source text: On May 16, 2023, Sadot, Cropit and Chibesakunda & Co., as escrow agent (the “Escrow Agent”) entered into an Escrow Agreement pursuant to which the Escrow Agent will hold all documentation required to allot Sadot 70% of Sadot Zambia, documentation required to transfer the Farm to Sadot Zambia and USD $3.5 million contributed by Sadot.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701756/000149315223018473/0001493152-23-018473-index.htm
- Material Agreements
  Sadot Group Inc. entered into Joint Venture Shareholders Agreement with Cropit Farming Limited valued at $3.5 million (effective 2023-05-16).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Cropit Farming Limited
  - Value: $3.5 million
  - Effective: 2023-05-16
  source text: On May 16, 2023, Sadot and Cropit entered into Joint Venture Shareholders Agreement pursuant to which the parties agreed to form a new entity in Zambia to serve as a joint venture with respect to the farming of the Farm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701756/000149315223018473/0001493152-23-018473-index.htm
- Material Agreements
  Sadot Group Inc. entered into Purchase of Right and Variation Agreement with Zamproagro Limited and Cropit Farming Limited valued at approximately $8.5 million USD (effective 2023-05-16).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Zamproagro Limited and Cropit Farming Limited
  - Value: approximately $8.5 million USD
  - Effective: 2023-05-16
  source text: On May 16, 2023, Muscle Maker Inc. (the “Company”) through its wholly owned subsidiary, Sadot LLC (“Sadot”), entered into a Purchase of Right and Variation Agreement (the “Variation Agreement”) with Zamproagro Limited, a Liberian corporation (“ZPG”) and Cropit Farming Limited, a Zambian corporation (“Cropit”) pursuant to which ZPG assigned all of its rights, liabilities and obligations of the Put and Call Option Agreement Over Land entered between ZPG and Cropit dated December 29, 2022 (the “Put Land Agreement”) to Sadot, which provided ZPG with a one year call option to acquire 70% of 4,942 acres (2000 hectares) of producing agricultural land along with buildings and related assets located within the Mkushi Farm Block of Zambia’s Region II agricultural zone (the “Farm”) for a purchase price of approximately $8.5 million USD.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701756/000149315223018473/0001493152-23-018473-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.