Sadot Group Inc. Completes $3.0 Million Capital Raise

Sadot Group Inc. has announced the completion of a $3.0 million capital raise through a convertible 12-month note. The note can be converted into common stock at $4.10 per share, with no warrants included. The company aims to use the funds for general expenses and growth initiatives, including expansion into Canada, Brazil, and potential farming in Indonesia.

Michael Roper, CEO of Sadot Group, stated that this financing aligns with their strategy to extend the company's financial runway with minimal dilution. The company engages in the global food supply chain, including trading of agri-commodities like soybean meal, wheat, and corn. Sadot connects producers and consumers across Americas, Africa, the Black Sea, and markets in Asia and the Middle East.

RBW Capital Partners LLC acted as the exclusive placement agent for this offering, which was offered solely to accredited investors.