Sadot Group Inc. Completes Strategic $3.0 Million Capital Raise
Sadot Group Inc. (NASDAQ:SDOT) has secured a $3.0 million capital raise through a 12-month convertible note. The note is convertible to common stock at a fixed price of $4.10 per share, with no warrant coverage. The company plans to utilize the funds for general business expenses and growth initiatives, including expansions into Canada and Brazil, and potential farming operations in Indonesia. RBW Capital Partners , through Dominari Securities , acted as the exclusive placement agent.
Sadot Group Inc. (NASDAQ:SDOT) ha ottenuto un finanziamento di 3,0 milioni di dollari tramite un prestito convertibile di 12 mesi. Il prestito è convertibile in azioni ordinarie a un prezzo fisso di 4,10 dollari per azione, senza copertura di warrant. L'azienda prevede di utilizzare i fondi per spese aziendali generali e iniziative di crescita, inclusi l'espansione in Canada e Brasile e potenziali operazioni agricole in Indonesia. RBW Capital Partners, tramite Dominari Securities, ha agito come agente di collocamento esclusivo.
Sadot Group Inc. (NASDAQ:SDOT) ha conseguido una recapitalización de 3.0 millones de dólares a través de un pagaré convertible a 12 meses. El pagaré es convertible en acciones comunes a un precio fijo de 4.10 dólares por acción, sin cobertura de warrants. La empresa planea utilizar los fondos para gastos comerciales generales e iniciativas de crecimiento, incluyendo expansiones en Canadá y Brasil, y posibles operaciones agrícolas en Indonesia. RBW Capital Partners, a través de Dominari Securities, actuó como el agente de colocación exclusivo.
사돗 그룹 주식회사 (NASDAQ:SDOT)는 12개월 만기 전환 사채를 통해 300만 달러의 자금을 조달했습니다. 이 사채는 주당 4.10달러의 고정 가격으로 보통주로 전환 가능합니다. 이 회사는 자금을 일반 사업 비용과 성장 이니셔티브에 사용하고 캐나다와 브라질로의 확장 및 인도네시아에서의 잠재적인 농업 운영을 포함한다고 계획하고 있습니다. RBW 캐피탈 파트너스는 도미나리 증권사를 통해 독점적인 모집 대행사로 활동했습니다.
Sadot Group Inc. (NASDAQ:SDOT) a sécurisé une levée de fonds de 3,0 millions de dollars par le biais d'un billet convertible de 12 mois. Le billet est convertible en actions ordinaires à un prix fixe de 4,10 dollars par action, sans couverture de bons de souscription. L'entreprise prévoit d'utiliser ces fonds pour des dépenses commerciales générales et des initiatives de croissance, y compris des expansions au Canada et au Brésil, ainsi que de potentielles opérations agricoles en Indonésie. RBW Capital Partners, par l'intermédiaire de Dominari Securities, a agi en tant qu'agent de placement exclusif.
Sadot Group Inc. (NASDAQ:SDOT) hat eine Kapitalerhöhung von 3,0 Millionen Dollar durch eine 12-monatige wandelbare Anleihe gesichert. Die Anleihe kann zu einem festen Preis von 4,10 Dollar pro Aktie in Stammaktien umgewandelt werden, ohne warrant-basierte Absicherung. Das Unternehmen plant, die Mittel für allgemeine Geschäftsausgaben und Wachstumsinitiativen zu verwenden, einschließlich Expansionen in Kanada und Brasilien sowie potenziellen landwirtschaftlichen Betrieben in Indonesien. RBW Capital Partners trat über Dominari Securities als exklusiver Platzierungsagent auf.
- Secured $3.0 million in financing for growth initiatives
- Fixed conversion price at $4.10 per share indicates confidence in stock value
- Geographic expansion into multiple international markets (Canada, Brazil, Indonesia)
- Potential future dilution for shareholders through convertible note
- Short-term debt obligation with 12-month maturity
Insights
This
The absence of warrant coverage is favorable as it minimizes potential future dilution. The strategic focus on geographical expansion into Canada, Brazil and potential Indonesian farming operations shows clear growth initiatives, though execution risks remain high given the company's size. The funding provides important working capital but represents about
BURLESON, TX / ACCESSWIRE / December 3, 2024 / Sadot Group Inc. (NASDAQ:SDOT) ("Sadot" or the "Company"), today announced the pricing of a strategic
"This financing is consistent with our long-term strategy to capitalize on the Company's growth strategy. With this financing we will be able to extend our financial runway to grow the company in a minimally dilutive manner," said Michael Roper, CEO of Sadot Group.
RBW Capital Partners LLC, offering all securities through Dominari Securities LLC, served as the exclusive placement agent for the offering.
About Sadot Group Inc.
Sadot Group Inc. ("Sadot Group") has rapidly established itself as an emerging player in the global food supply chain industry. 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 Fort Worth, Texas with subsidiary operations in Miami, Dubai, Sao Paulo, Singapore, Kyiv, Toronto and Zambia. For more information, please visit www.sadotgroupinc.com.
For additional updates, news and general knowledge related to the global agri-commodity supply-chain, please visit our website at: www.sadotgroupinc.com and our social media postings on Facebook and X (Twitter)
The securities described above were sold in a private placement and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the common stock issuable upon conversion of the Notes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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
FAQ
What is the size of Sadot Group's (SDOT) December 2024 capital raise?
What is the conversion price for Sadot Group's (SDOT) 2024 convertible note?
Which markets is Sadot Group (SDOT) expanding into with the new capital?