Sadot Up Premarket, Nasdaq Compliance Unresolved for SDOT
Sadot Group shares rose 4.3% to $2.85 in premarket trading Monday after a 1-for-20 reverse stock split, following a 14.4% drop Friday. The company reported zero commodity sales and a $4.9 million net loss for the first quarter. Nasdaq has flagged Sadot for failing to meet stockholders’ equity requirements. Sadot’s market cap stands near $2 million, far below major crop traders.