Mergers & Acquisitions ·
Sadot Group Inc. entered into a six-month exclusive option agreement to acquire a 147-unit residential real estate…
SDOTSadot Group Inc.
Sadot Group Inc. entered into a six-month exclusive option agreement to acquire a 147-unit residential real estate portfolio in Los Angeles County, California, valued at $125,500,000. The company's $1,042,500 option fee was paid in full via the issuance of 132,803 shares of common stock at $7.85 per share, representing 17.71% of the company's total issued and outstanding common shares. The company also established a new non-convertible Series C Preferred Stock class with no voting rights and no dividends. Sadot Group Inc. operates in the real estate investment and management sector.