Armistice Capital and Steven Boyd report 689,642 shares (9.99%) in SDOT
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 689,642 shares of Sadot Group Inc. common stock, representing 9.99% of the class. The filing states Armistice Capital is the investment manager of the Master Fund, which is the direct holder of the shares, and that Armistice exercises shared voting and dispositive power over those securities; Mr. Boyd, as managing member, is similarly reported to share those powers.
The Master Fund is identified as having the economic right to receive dividends or sale proceeds. The filing shows 0 sole voting power and 689,642 shared voting and dispositive power, and includes a joint filing statement among the reporting persons.
Positive
- Clear disclosure of beneficial ownership amounting to 689,642 shares (9.99%)
- Identification of reporting structure: Armistice Capital as investment manager and the Master Fund as direct holder
- Explicit voting/dispositive breakdown showing 0 sole power and 689,642 shared voting/dispositive power
- Joint filing statement assigns responsibility for timely amendments among reporting persons
Negative
- Beneficial ownership is 9.99%, which is notable but remains below common regulatory/control thresholds
- No sole voting or dispositive power is reported, indicating the reporting persons do not claim exclusive control
Insights
TL;DR: Armistice Capital and Steven Boyd disclose a near-10% stake (689,642 shares), using shared voting/dispositive power via an advisory arrangement.
The reported 9.99% stake is material for shareholder visibility but remains below a 10% threshold that often triggers additional disclosure or control presumptions. The filing clarifies that Armistice Capital acts as investment manager to the Master Fund, the direct holder, and that voting and disposition powers are exercised by Armistice under an Investment Management Agreement. Reported ownership metrics are precise: 0 sole voting/dispositive power and 689,642 shared voting/dispositive power. For investors, this clarifies who directs the position without asserting control.
TL;DR: Reporting persons disclose shared authority over 9.99% of shares and provide a joint filing statement, establishing responsibility for future amendments.
The filing includes a joint filing statement under Rule 13d-1(k), assigning responsibility for timely amendments and accuracy among the reporting persons. It explicitly states the Master Fund retains economic rights to dividends and proceeds while disclaiming direct beneficial ownership due to the management agreement. The statement of 0 sole voting/dispositive power and shared powers of 689,642 shares is consistent with an agency relationship rather than direct control.