Sadot Group to Cut Shares to 744,000 via 1-for-20 Reverse Split
SDOT•Sadot Group will effect a 1-for-20 reverse stock split on May 27, 2026, reducing its outstanding shares from around 14.8 million to approximately 744,000 and cutting authorized shares from 250 million to 12.5 million. This action secures compliance with Nasdaq’s minimum $1.00 per share listing requirement.
1. Reverse Stock Split Implementation
Sadot Group’s board approved a 1-for-20 reverse stock split effective at 12:01 a.m. ET on May 27, 2026. Every 20 pre-split shares will convert into one post-split share, reducing issued and outstanding shares from approximately 14.8 million to about 744,000 while keeping the $0.0001 par value unchanged.
2. Nasdaq Compliance Objective
The reverse split is primarily designed to raise the trading price above Nasdaq’s $1.00 minimum requirement for continued listing on the Nasdaq Capital Market. Following the split, Sadot Group’s shares will keep trading under the symbol SDOT with a new CUSIP of 627333503.
3. Shareholder Impact and Procedures
No shareholder approval was required under Nevada law since authorized and outstanding shares are proportionally reduced. Fractional shares will not be issued; holders will receive cash payments for any fractions. Beneficial owners need take no action as holdings will adjust automatically.
4. Adjustments to Equity Plans
All outstanding stock options, restricted stock units and other equity awards will be adjusted by the same 1-for-20 ratio, with corresponding exercise or conversion price changes. The total authorized share count under equity incentive plans will also decrease proportionally from 250 million to 12.5 million.
