On September 30, 2026, Sadot Group Inc. completed the acquisition of the SalesIQ AI-enabled commercial origination platform from Hong Kong-based Softech Resources Limited for a total stated consideration of US$7,450,000. The purchase price consisted of US$300,000 in cash payable over twelve months and 7,150 shares of newly designated Series D and Series E Non-Voting Contingently Convertible Preferred Stock, each with a stated value of US$1,000 per share. These preferred shares carry no dividends or voting rights but are convertible into up to 550,000 common shares at $13.00 per share upon achieving specific annual recurring revenue milestones and obtaining stockholder approval by September 2029. If conversion conditions are not met, the preferred shares will be automatically cancelled for no consideration. The company operates in the commodity trading technology sector.
