Sadot Group Announces Reverse Stock Split for Nasdaq Compliance

Sadot Group ( (SDOT) ) has issued an announcement.

Sadot Group Inc. has announced a 1-for-10 reverse stock split, effective October 18, 2024, aimed at meeting Nasdaq’s $1.00 per share minimum requirement for continued listing. This corporate move will reduce the number of issued and outstanding shares, while maintaining shareholder equity percentages, ensuring no fractional shares are issued. The company’s stock will trade under the same symbol, “SDOT,” with a new CUSIP number, as Sadot Group continues to deliver sustainable solutions in the global food supply chain.

For a thorough assessment of SDOT stock, go to TipRanks’ Stock Analysis page.