Sadot Group Inc. — fact timeline

Sadot Group Inc. entered into Standby Equity Purchase Agreement with YA II PN, LTD valued at up to $25 million (effective 2023-09-22).

“On September 22, 2023, Sadot Group Inc. (the “Company”) entered into the Standby Equity Purchase Agreement (“SEPA”) with YA II PN, LTD, a Cayman Islands exempt limited partnership (“Yorkville”) pursuant to which the Company has the right to sell to Yorkville up to $25 million of its shares of common stock”

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

“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”

Sadot Group Inc. reported the month of July 2023 results: revenue over $53 million.

“today announced that it has achieved top line revenue of over $53 million for the month of July 2023.”

Sadot Group Inc. reported Q1 2023 results: revenue $213 million, net income $1,066,000.

“As noted in our Q1 2023 filings, Q1 2023 revenues were $213 million”

Sadot Group Inc. entered into Warrant Exercise Agreement with Altium Growth Fund Ltd. valued at approximately $2,153,309 (effective 2023-07-27).

“On July 27, 2023 (the “Closing Date”), Sadot Group Inc. (f/k/a Muscle Maker Inc.) (the “Company”) entered into a Warrant Exercise Agreement (the “Exercise Agreement”) with Altium Growth Fund Ltd. (the “Exercising Holder”), the holder of outstanding warrants to purchase 2,153,309 shares of common stock of the Company issued in November 2021 (collectively, the “Original Warrants”), whereby the Exercising Holder and the Company agreed that the Exercising Holder would exercise the Original Warrants in consideration of 2,153,309 shares of common stock (the “Shares”).”

Sadot Group Inc. reported preliminary financial results for as of June 30, 2023.

“The preliminary, unaudited financial results included in this press release are based on information available as of June 30, 2023, and management’s initial review of operations and financial results as of such date.”

Sadot Group Inc. reported June 2023 results: revenue over $45.7 million.

“Muscle Maker Inc. (MMI), the “Company” (Nasdaq: GRIL), today announced that Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception milestone by achieving top line revenue of over $45.7 million for the month of June 2023.”

Sadot Group Inc. amended Addendum 2 to the Services Agreement with Aggia LLC FZ (effective 2023-04-01).

“On July 14, 2023 (the “Addendum Date”), effective April 1, 2023, the parties entered into Addendum 2 to the Services Agreement (“Addendum 2”) pursuant to which the parties amended the compensation that Aggia is entitled.”

Sadot Group Inc. reported through May 31, 2023 results: net income $9.9 million.

“On June 26, 2023, Muscle Maker, Inc. (the “Company”) issued a press release announcing certain unaudited preliminary revenue results for Sadot LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company.”

Sadot Group Inc. reported May 2023 results: revenue over $52.8 million.

“Muscle Maker, Inc. Reports Top Line Revenue Over $52.8 Million for May 2023”

Sadot Group Inc. reported the period ended May 31, 2023 results: net income $9.9 million.

“Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ”

David Errington was appointed as Director at Sadot Group Inc..

“On June 9, 2023, Aggia nominated David Errington as a director to the Board to fill the final vacancy created when the Board previously voted to increase the size of the Board from twelve to fifteen. The Board appointed Mr. Errington as a director of the Company to fill one vacancy.”

Sadot Group Inc. reported as of May 31, 2023 results: net income $9.9 million.

“Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022.”

Mark McKinney was appointed as Director at Sadot Group Inc..

“On June 9, 2023, Aggia nominated Mark McKinney as a director to the Board after Sadot has generated $9.9 million in net income and the Board voted to increase the size of the Board from twelve to fifteen and appointed Mr. McKinney as a director of the Company to fill one vacancy.”

Sadot Group Inc. reported since Sadot LLC's inception in November 2022 results: revenue over $418 million, net income $9.9 million.

“() --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Sadot LLC Achieves $9.9 Million Net Income Threshold, Triggers Nomination of Final Three Board Positions Sadot LLC Contributed Total of $418 Million in Revenue Fort Worth, Texas, June 8, 2023 (ACCESSWIRE) — Muscle Maker, Inc. (MMI), the “Company” (Nasdaq: GRIL), today announced its Sadot LLC subsidiary has crossed the key net”

Sadot Group Inc. reported month of April 2023 results: revenue over $58.9 million.

“Muscle Maker, Inc. (Nasdaq: GRIL), (the "Company"), today announced that it has achieved top line revenue of over $58.9 million for the month of April 2023.”

Sadot Group Inc. entered into Escrow Agreement with Cropit Farming Limited and Chibesakunda & Co. valued at $3.5 million (effective 2023-05-16).

“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.”

Sadot Group Inc. entered into Joint Venture Shareholders Agreement with Cropit Farming Limited valued at $3.5 million (effective 2023-05-16).

“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.”

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).

“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.”

Sadot Group Inc. reported the quarter ended March 31, 2023 results: revenue $213 million.

“set forth by specific reference in such a filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Muscle Maker Inc. Reports First Quarter 2023 Results Revenue Rises to $213 Million From $3 Million Adjusted EBITDA Rises to $2.4 Million vs. Loss in Prior Year Fort Worth, Texas, May 10, 2023 (ACCESSWIRE) – Muscle Maker, Inc. (Nasdaq: GRIL) (“Muscle Maker”,”

Sadot Group Inc. reported March 2023 results: revenue over $93.8 million.

“as shall be expressly set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Muscle Maker, Inc. Reports Top Line Revenue Over $93.8 Million for March 2023 Fort Worth, Texas, April 18, 2023 (ACCESSWIRE) — Muscle Maker, Inc. (Nasdaq: GRIL), (the “Company”), today announced that it has achieved top line revenue of over”

Sadot Group Inc. reported preliminary financial results for the month of March 2023.

“On April 11, 2023, Muscle Maker, Inc. (the "Company") issued a press release announcing certain unaudited preliminary financial results for the month of March 2023 with respect to the operations of Sadot LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company.”

Paul Sansom was appointed as Director at Sadot Group Inc..

“the Company voted to increase the size of the Board from ten to twelve and approved the appointment of Marvin Yeo and Paul Sansom to the Board of Directors.”

Marvin Yeo was appointed as Director at Sadot Group Inc..

“the Company voted to increase the size of the Board from ten to twelve and approved the appointment of Marvin Yeo and Paul Sansom to the Board of Directors.”

Sadot Group Inc. reported the full year ended December 31, 2022 results: revenue $161,698,417.

“Muscle Maker, Inc. generated $161,698,417 in total revenue.”

Sadot Group Inc. reported the month of February 2023 results: revenue over $58 million.

“it has achieved top line revenue of over $58 million for the month of February 2023.”

Sadot Group Inc.: The Company filed a Certificate of Amendment to increase authorized common stock from 50,000,000 to 150,000,000 shares (effective 2023-03-02).

“On March 2, 2023, Muscle Maker Inc. (the “Company”) filed a Certificate of Amendment to its Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada to increase the number of authorized shares of the Company’s common stock from 50,000,000 to 150,000,000 shares (the “Charter Amendment”).”

Sadot Group Inc. shareholders approved Increase the number of authorized shares of common stock from 50,000,000 to 150,000,000 at the 2023-02-28 meeting.

“the Charter Amendment was approved by the Company’s shareholders at a special meeting of shareholders held on February 28, 2023”

Sadot Group Inc. reported the first three months of operation of Sadot LLC results: revenue over $200 Million.

“Sadot’s performance to date of over $200 Million in revenue in the first three months of operation”

Ray Shankar was appointed as Director at Sadot Group Inc..

“On February 2, 2023, the Company voted to increase the size of the Board from eight to ten and approved the appointment of Ms. Hannah Oh and Mr. Ray Shankar to the Board of Directors effective March 1, 2023.”

Hannah Oh was appointed as Director at Sadot Group Inc..

“On February 2, 2023, the Company voted to increase the size of the Board from eight to ten and approved the appointment of Ms. Hannah Oh and Mr. Ray Shankar to the Board of Directors effective March 1, 2023.”

Sadot Group Inc. reported the month ended January 31, 2023 results: revenue $58,517,750.

“Sadot generated $58,517,750 in revenue in January 2023.”

Sadot Group Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“January 31, 2023, Muscle Maker, Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) as of January 31, 2023, the Company would need to request a hearing to appeal the determination. The Company will be requesting a hearing before a Nasdaq Hearings Panel (the”

Sadot Group Inc. reported month ended December 31, 2022 results: revenue $96.39 million.

“LLC (“Sadot”), has crossed the $150 million revenue milestone in its first 60 days of operation. Sadot generated $54.19 million in revenue in November and an additional $96.39 million in top line sales for the full month of December. Sadot, in its first two months of operation, has now generated $150.58 million in total revenue. Total company year-to-date”

Benjamin Petel was appointed as Director at Sadot Group Inc..

“On December 27, 2022, Aggia nominated Benjamin Petel as the initial Designated Director and the Board voted to increase the size of the Board from seven to eight and appointed Mr. Petel as a director of the Company to fill such vacancy.”

Sadot Group Inc. reported year-to-date through December 19, 2022 results: revenue $118.7 million.

“Total company year-to-date revenue increased by 1,369% to $118.7 million since the end of Q3, 2022.”

Sadot Group Inc. reported first 45 days of operation results: revenue over $110 million.

“Sadot, in its first 45 days of operation, has now generated over $110 million in revenue.”

Sadot Group Inc. shareholders approved Ratify the appointment of Paris Kreit & Chiu CPA LLP (formerly known as Benjamin and Ko) as the Company’s independent registered public accounting firm for the year ending December 31, 2022 at the 2022-12-22 meeting.

“(2) Ratify the appointment of Paris Kreit & Chiu CPA LLP (formerly known as Benjamin and Ko) as the Company’s independent registered public accounting firm for the year ending December 31, 2022. This matter was determined based on majority of the shares cast. For Against Abstain 17,078,163 103,419 178,467”

Sadot Group Inc. shareholders approved Election of seven directors at the 2022-12-22 meeting.

“(1) Elect seven directors until his successor is duly elected and qualified, or until his earlier death, resignation or removal. The seven directors receiving the highest vote were appointed to the board. The following Directors were elected to the board. For Withheld Kevin Mohan 9,396,780 128,557 A.B. Southall III 9,400,086 125,251 Paul L. Menchik 8,746,968 778,369 Jeff Carl 9,397,020 128,317 Stephen A. Spanos 9,401,892 123,445 Major General (ret) Malcom Frost 9,408,965 116,372 Philip Balatsos 9,399,737 125,600”

Sadot Group Inc. reported the month ended November 30, 2022 results: revenue $54.19 million.

“Sadot delivered $54.19 million in revenue in November, its first 30 days of operation.”

Sadot Group Inc. reported month ended November 30, 2022 results: revenue $54.19 million.

“Muscle Maker, Inc. (Nasdaq: GRIL ), today announced its new wholly owned subsidiary, Sadot LLC (“Sadot”), generated $54.19 million in revenue for the month of November, its first month of operation and management by AGGIA LLC FZ (“AGGIA”).”

Sadot Group Inc. entered into "Services Agreement" with Aggia LLC FC (effective 2022-11-14).

“On November 14, 2022 (the “Effective Date”), the Company, Sadot and Aggia LLC FC, a company formed under the laws of United Arab Emirates (“Aggia”) entered into a Services Agreement (the “Services Agreement”) whereby Sadot engaged Aggia to provide certain advisory services to Sadot for creating, acquiring and managing Sadot’s business of wholesaling food and engaging in the purchase and sale of physical food commodities.”

Petel was appointed as Director at Sadot Group Inc..

“Mr. Petel will be appointed to the Board of the Company. Mr. Petel has been appointed as the Company’s managing member representative for Sadot.”

Sadot Group Inc. reported financial results for the quarter ended September 30, 2022.

“On November 10, 2022, Muscle Maker, Inc. (the “Company”) issued a press release regarding its financial results for the quarter ended September 30, 2022.”

Ferdinand Groenewald was appointed as Chief Accounting Officer at Sadot Group Inc..

“The Company’s previous CFO, Ferdinand Groenewald, will remain and was appointed as the Chief Accounting Officer of the Company.”

Jennifer Black was appointed as Chief Financial Officer at Sadot Group Inc..

“On January 2, 2022, Muscle Maker, Inc. (the “Company”) appointed Jennifer Black as Chief Financial Officer of the Company”

Peter S. Petrosian departed as Director at Sadot Group Inc..

“Muscle Maker, Inc. (the “Company”) was informed on August 19, 2021, that Peter S. Petrosian, a member of the Company’s Board of Directors, passed away.”