DivestmentJun 30, 2026, 06:11 AM
Sadot Group Sells Sadot Latam LLC Subsidiary
AI Summary
Sadot Group Inc. announced it has entered into and consummated a Share Purchase Agreement to sell its wholly-owned subsidiary, Sadot Latam LLC, to Dream America Marketing Services, Ltd. The transaction, which closed on June 26, 2026, involves a purchase price of $1,000 in cash plus a 27.5% profit-sharing payment from certain receivables. Sadot Latam was sold "as is, where is," with the buyer assuming all liabilities, and Sadot Group will deconsolidate the subsidiary from its financial statements.
Key Highlights
- Sadot Group Inc. sold 100% of its subsidiary, Sadot Latam LLC, to Dream America Marketing Services, Ltd.
- The sale was consummated on June 26, 2026.
- Purchase price includes $1,000 in cash and 27.5% profit-sharing from certain receivables.
- Assets transferred include a Citizens Bank deposit of approximately $250,000.
- Sadot Latam was sold on an "as is, where is" basis, including all existing and threatened litigation and liabilities.
- Sadot Group will cease to consolidate Sadot Latam in its financial statements from June 30, 2026.
Price Impact
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