secwatch.observer — SEC 8-K summary
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Issuer:     Sadot Group Inc. (SDOT)
CIK:        0001701756
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001493152-23-038863
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sadot Group completes $4M convertible note financing with Yorkville
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- Yorkville advanced $1M on Oct 30 (Second Note) completing $4M total Pre-Paid Advance under SEPA.
- Notes bear 6% interest (18% on default), mature Sept 22, 2024; conversion at lower of fixed price ($0.7315) or 95% of 7-day VWAP, floor $0.33.
- Monthly $500K payments triggered if VWAP < $0.33 for 7 of 9 trading days or if Exchange Cap exceeded, unless shareholder approval obtained.
- Purchase price is 94% of principal (6% OID); Yorkville may also require share issuance under SEPA at conversion price.
- Notes are unregistered, sold to accredited investor under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701756/000149315223038863/0001493152-23-038863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701756/000149315223038863/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038863

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