on Sadot Group Inc.
Sadot Group Inc. Regains Nasdaq Compliance
Sadot Group Inc., an emerging entity in the global food supply chain sector, has announced its regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from The Nasdaq Stock Market on November 1, 2024, ensuring adherence to Nasdaq Listing Rule 5550(a)(2).
To achieve compliance, Sadot's common stock needed to consistently maintain a closing bid price of at least $1.00 for 10 consecutive trading days, which was successfully accomplished by October 31, 2024. Nasdaq has now officially closed this compliance matter.
Michael Roper, CEO of Sadot Group, expressed satisfaction with the compliance recovery, emphasizing its significance as part of the company's strategic goals. He highlighted the importance of maintaining their Nasdaq listing to foster corporate growth, enhance shareholder value, and boost corporate visibility.
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