SplitMay 22, 2026, 08:36 AM
Sadot Group Announces 1-for-20 Reverse Stock Split to Meet Nasdaq Rule
AI Summary
Sadot Group Inc. announced a 1-for-20 reverse stock split, effective May 27, 2026, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The split will consolidate every 20 shares into one, with cash payments for fractional shares. The company also decreased its authorized common stock from 250,000,000 to 12,500,000 shares. Proportionate adjustments will be made to outstanding stock options and warrants.
Key Highlights
- Board approved a 1-for-20 reverse stock split.
- Reverse Stock Split effective 12:01 a.m. ET on May 27, 2026.
- Common stock will trade on a split-adjusted basis on Nasdaq under "SDOT" from May 27, 2026.
- New CUSIP number assigned: 627333503.
- Authorized shares decreased from 250,000,000 to 12,500,000.
- Goal is to raise per share bid price above $1.00 for Nasdaq Listing Rule 5550(a)(2) compliance.
- Proportionate adjustments will be made to outstanding stock options and warrants.
Price Impact
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