Sadot Group Inc. (NASDAQ:SDOT) dropped nearly 25% to $0.31 in after-hours trading on Wednesday after the company disclosed it had received a Nasdaq compliance notice tied to shareholder equity requirements.
The Texas-based food supply chain company said Nasdaq informed it that the business no longer meets the exchange’s minimum equity standards for continued listing. The notice followed the company reporting a shareholder deficit of roughly $55 million for fiscal 2025.
What Does The Filing Say?
Sadot said it has until late June to submit a plan outlining how it intends to regain compliance with Nasdaq listing requirements. If the exchange accepts the proposal, the company could receive additional time to meet the standards.
The company noted the notice does not immediately impact trading of …
