Sadot Group Inc. Announces Completion of Debt Retirement with Yorkville Advisors
Rhea-AI Summary
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.
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- Complete retirement of debt with Yorkville Advisors
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- None.
News Market Reaction 1 Alert
On the day this news was published, SDOT gained 23.43%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
FAQ
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