Sadot Group announces 1-for-10 reverse stock split effective Oct 18 to regain Nasdaq compliance

Sadot Group Inc.

Reverse split ratio 1:10 becomes effective 12:01 a.m. EDT on October 18, 2024; shares begin trading post-split that day.
Outstanding shares reduced from ~57.4M to ~5.74M; authorized shares cut from 200M to 20M proportionally.
Goal is to raise bid price above $1.00 to meet Nasdaq Listing Rule 5550(a)(2); no shareholder vote required under Nevada law.
Fractional shares rounded up to nearest whole share; adjustments made to options, warrants, and equity plans.
New CUSIP 627333305; par value remains $0.0001 per share.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sadot Group Inc.: Reverse stock split at a ratio of one-for-ten and reduction of authorized shares from 200 million to 20 million (effective 2024-10-18).

Change: charter amendment
Effective: 2024-10-18

Exact text from the filing

On October 9, 2024, the Company filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State to effect the Reverse Stock Split, which will become effective 12:01 am eastern on October 18, 2024.

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Source: SEC EDGAR

accession 0001701756-24-000153

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