StockWatch
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Restaurants
DealsJun 10, 2026, 05:06 PM

Sadot Group Amends Anira Acquisition Deal; Replaces Convertible Note

AI Summary

Sadot Group Inc. has amended its Share Purchase Agreement for the acquisition of Anira Consulting FZC. The amendment clarifies that the Series B Preferred Stock to be issued as part of the consideration will be non-convertible, and the previously planned Convertible Promissory Note has been replaced with a non-convertible Promissory Note of USD $5,000,000. The total purchase price remains USD $12,000,000, comprising common stock, Series B Preferred Stock, and the new Promissory Note. The company also filed a Certificate of Amendment to Designation for its Series B Preferred Stock to reflect these non-convertible terms.

Key Highlights

  • Sadot Group Inc. amends Share Purchase Agreement for Anira Consulting FZC acquisition.
  • Series B Preferred Stock issued as consideration will be non-convertible.
  • USD $5,000,000 Convertible Promissory Note replaced with a non-convertible Promissory Note.
  • Total acquisition price remains USD $12,000,000.
  • Consideration includes 135,000 shares of common stock, 1,000 shares of Series B Preferred Stock, and the USD $5,000,000 Note.