Sadot Group Inc. (SDOT): M&A transaction — Sadot Group closes $8.5M acquisition of 70% of Zambian agricultural land (4,942 acres)

Sadot Group Inc.

Closed on Aug 18, 2023, after final unconditional authorization from Zambian Competition and Consumer Protection Commission on Aug 14.
Acquired 70% interest in SPV holding 4,942 acres of producing agricultural land, buildings, and related assets in Zambia's Mkushi Farm Block.
Purchase price approximately $8.5 million; $3.5 million held in escrow released to ABSA Bank at closing.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Sadot Group Inc. completed an acquisition for approximately USD $8.5 million (closed 2023-08-18).

Action: acquisition
Consideration: approximately USD $8.5 million
Closing: 2023-08-18

Exact text from the filing

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 USD $8.5 million. In connection with the above transaction, on May 16, 2023, the parties and Chibesakunda & Co., as escrow agent (the “Escrow Agent”) entered into an Escrow Agreement pursuant to

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Source: SEC EDGAR

accession 0001493152-23-030052

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