other material
confidence high
sentiment negative
materiality 0.60
Sadot Group dismisses auditor Kreit & Chiu after shareholder non-ratification; CT International hired for FY2026
Sadot Group Inc.
- Audit Committee dismissed Kreit & Chiu CPA LLP as independent auditor effective September 22, 2026; the firm had served since 2021.
- Stockholders did not ratify Kreit & Chiu's appointment for fiscal 2026 at the annual meeting held September 10, 2026, as reported in the 8-K filed September 15, 2026.
- Kreit & Chiu's report on FY2025 financials carried an explanatory paragraph citing substantial doubt about Sadot's ability to continue as a going concern.
- A material weakness in internal control over financial reporting as of December 31, 2025 — insufficient staffing, limited accounting resources, inadequate segregation of duties — remains unremediated.
- CT International LLP was engaged September 22, 2026 to audit FY2026 consolidated statements and review Q3 2026 results; no prior disagreements or consultations with CT.