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Sadot Group Inc

For the period ended Mar 31, 2024. Filed May 15, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

SDOT$6.48+2.3%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-39223

(Exact name of registrant as specified in its charter)

Nevada47-2555533
(State or other jurisdiction(I.R.S. Employer
of incorporation)Identification No.)

295 E. Renfro Street, Suite 209,

Burleson, Texas 76028

(Address of principal executive offices)

1751 River Run, Suite 200,

Fort Worth, Texas 76107

(Former address of registrant)

Registrant’s telephone number, including area code:(832) 604-9568

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par valueSDOTThe NASDAQ Capital Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

The number of shares if the Registrant’s common stock, $0.0001 par value per share, outstanding as of May 15, 2024, was 54,728,960.

Quarterly Report on Form 10-Q

For the Three Months Ended March 31, 2024

Table of ContentsPage
PART IFINANCIAL INFORMATION4
Item 1.Condensed Consolidated Financial Statements (Unaudited)4
Condensed Consolidated Balance Sheets (Unaudited) as of March 31, 2024 and December 31, 20235
Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) for the Three Months Ended March 31, 2024 and 20236
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) for the Three Months Ended March 31, 2024 and 20238
Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2024 and 20239
Notes to the Condensed Consolidated Financial Statements (Unaudited)11
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations46
Item 3.Quantitative and Qualitative Disclosures About Market Risk58
Item 4.Controls and Procedures58
PART IIOTHER INFORMATION
Item 1.Legal Proceedings60
Item 1A.Risk Factors60
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds60
Item 3.Defaults Upon Senior Securities61
Item 4.Mine Safety Disclosures61
Item 5.Other Information61
Item 6.Exhibits62
Signatures67
ContentsView on SEC.gov

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