Sadot Group Inc. Announces Completion of Debt Retirement with Yorkville Advisors
Sadot Group (NASDAQ:SDOT) has announced the complete retirement of its debt with Yorkville Advisors according to agreed terms. This achievement represents a significant milestone in strengthening the company's financial foundation as it expands in the global agri-commodity sector. The company will release its Q3 2024 results on November 12, 2024, followed by a conference call with management on November 13, 2024, at 10:30 AM EST.
Sadot Group (NASDAQ:SDOT) ha annunciato il completo pagamento del suo debito con Yorkville Advisors secondo i termini concordati. Questo risultato rappresenta una tappa significativa nel rafforzare le fondamenta finanziarie dell'azienda mentre si espande nel settore globale delle agri-commodities. L'azienda pubblicherà i risultati del terzo trimestre 2024 il 12 novembre 2024, seguito da una conferenza telefonica con la direzione il 13 novembre 2024, alle 10:30 AM EST.
Sadot Group (NASDAQ:SDOT) ha anunciado la liquidación completa de su deuda con Yorkville Advisors según los términos acordados. Este logro representa un hito significativo en el fortalecimiento de la base financiera de la empresa mientras se expande en el sector global de productos agrícolas. La empresa publicará sus resultados del tercer trimestre de 2024 el 12 de noviembre de 2024, seguido de una conferencia telefónica con la dirección el 13 de noviembre de 2024 a las 10:30 AM EST.
Sadot Group (NASDAQ:SDOT)는 합의된 조건에 따라 Yorkville Advisors와의 모든 부채를 완전히 상환했음을 발표했습니다. 이 성과는 회사가 글로벌 농산물 부문에서 확장하는 데 있어 재정 기반을 강화하는 데 중요한 이정표입니다. 회사는 2024년 11월 12일에 2024년 3분기 결과를 발표하며, 2024년 11월 13일 오전 10시 30분 EST에 경영진과의 전화 회의를 진행할 예정입니다.
Sadot Group (NASDAQ:SDOT) a annoncé le remboursement complet de sa dette envers Yorkville Advisors selon les termes convenus. Cette réalisation représente une étape importante dans le renforcement des bases financières de l'entreprise alors qu'elle s'agrandit dans le secteur mondial des matières premières agricoles. L'entreprise publiera ses résultats du troisième trimestre 2024 le 12 novembre 2024, suivis d'une conférence téléphonique avec la direction le 13 novembre 2024 à 10h30 EST.
Sadot Group (NASDAQ:SDOT) hat die vollständige Rückzahlung seiner Schulden bei Yorkville Advisors gemäß den vereinbarten Bedingungen angekündigt. Dieser Erfolg stellt einen bedeutenden Meilenstein zur Stärkung der finanziellen Basis des Unternehmens dar, während es im globalen Agrarrohstoffsektor expandiert. Das Unternehmen wird seine Q3 2024-Ergebnisse am 12. November 2024 veröffentlichen, gefolgt von einer Telefonkonferenz mit dem Management am 13. November 2024 um 10:30 Uhr EST.
- Complete retirement of debt with Yorkville Advisors
- None.
Insights
The debt retirement announcement is a significant financial development for this micro-cap company with a market cap of
Small-cap companies often struggle with debt burdens that can limit growth and operational flexibility. This debt retirement could provide Sadot with improved financial flexibility to pursue its expansion plans in the agri-commodity sector. The timing ahead of Q3 earnings suggests management wanted to clean up the balance sheet before the quarterly report, which could indicate confidence in their financial position.
BURLESON, TX / ACCESSWIRE / November 7, 2024 / Sadot Group Inc. (NASDAQ:SDOT) ("Sadot Group", "Sadot" or the "Company") an emerging player in the global food supply chain sector, today announced that it has fully met its obligations and retired its debt with Yorkville Advisors under the agreed terms. This marks a significant milestone for the Company as it continues its path towards accelerating growth and improving financial performance.
Michael Roper, CEO of Sadot Group, commented, "We are pleased to announce the completion of our debt retirement with Yorkville Advisors. This accomplishment underscores our ongoing commitment to strengthening our financial foundation as we continue to expand our operations within the global agri-commodity sector."
The Company plans to file its third quarter results ending, September 30, 2024, on Tuesday November 12, 2024. Sadot will then follow up its SEC filing by hosting an associated conference call on Wednesday, November 13, 2024, at 10:30 AM Eastern Standard Time to discuss the results with its management team.
Webcast Details
Date: Wednesday November 13, 2024
Time: 10:30 AM EST / 7:30 AM PST
To register, please use the following link:
https://audience.mysequire.com/webinar-view?webinar_id=c7e40f7d-e2b2-4540-b18f-f5c281ad6d90
* Please note that when logging into the Webcast, individuals must, if prompted to, "allow video and audio" access to their device to view and hear the call.
About Sadot Group Inc.
Sadot Group Inc. has rapidly established itself as an emerging player in the global food supply chain. Sadot Group provides innovative and sustainable supply chain solutions that address the world's growing food security challenges.
Sadot Group currently operates within key verticals of the global food supply chain including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn, and farm operations producing grains and tree crops in Southern Africa.
Sadot Group connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies such as the Americas, Africa and the Black Sea and delivering to markets in Southeast Asia, China and the Middle East/North Africa region.
Sadot Group is headquartered in Burleson, Texas with subsidiary operations throughout the United States, Brazil, Canada, Colombia, India, Israel, Singapore, Ukraine, United Arab Emirates and Zambia. For more information, please visit www.sadotgroupinc.com.
Forward-Looking Statements
This press release may include "forward-looking statements" pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products, or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "should", "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Sadot Group, Inc., does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor Relations:
Frank Pogubila
SVP
Integrous Communications
W - 951.946.5288
E - ir@sadotco.com
SOURCE: Sadot Group Inc.
View the original press release on accesswire.com
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