Sadot Group Implements 1-for-10 Reverse Stock Split

Sadot Group Inc. (NASDAQ:SDOT) has announced a 1-for-10 reverse stock split, effective October 18, 2024. This decision was made to comply with NASDAQ's $1.00 minimum share requirement for continued listing. The stock will continue to trade under the symbol "SDOT" with a new CUSIP number of 627333305.

The reverse stock split will convert every 10 shares of common stock into 1 share, reducing the total from roughly 57.4 million to 5.74 million shares without altering the par value. The authorized shares will also decrease from 200 million to 20 million. Proportional adjustments will be applied to stock options and restricted stock units. Fractional shares will be rounded up.

Transfer agent Computershare, Inc. will assist stockholders with the transition. No action is needed from those holding shares through brokers or banks, who should contact their representatives for inquiries.