SCHEDULE 13G/A: Armistice Capital and Steven Boyd Disclose 6.56% Stake in Sadot Group Inc.
Beneficial Ownership Report
Armistice Capital, LLC and Steven Boyd have filed an amended Schedule 13G, revealing a beneficial ownership of 6.56% in Sadot Group Inc.'s common stock as of December 31, 2024.
Summary
- Armistice Capital, LLC and Steven Boyd, collectively referred to as the 'Reporting Persons,' have filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Sadot Group Inc.
- As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 411,523 shares of Sadot Group Inc.'s common stock.
- This ownership represents 6.56% of the total class of securities outstanding.
- The percentage is calculated based on 6,276,391 shares outstanding as of December 10, 2024, as reported in Sadot Group Inc.'s Form 424B3 filed on January 6, 2025.
- Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares, exercising both voting and investment power.
- Steven Boyd, as the managing member of Armistice Capital, is also deemed to beneficially own these securities.
- The Master Fund disclaims beneficial ownership due to its inability to vote or dispose of the securities as a result of its Investment Management Agreement with Armistice Capital.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by an institutional investor in Sadot Group Inc., a common occurrence in the public markets where investment managers acquire stakes in companies for their funds. It does not provide specific insights into broader industry trends beyond the investment activity itself.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake can provide transparency regarding the ownership structure and potentially influence market perception of the stock, though this filing is passive and not intended to influence control.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date as of which 6,276,391 shares outstanding were reported in Issuer's Form 424B3. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership calculation date). |
| 2025-01-06 | Date Sadot Group Inc. filed its Form 424B3 Prospectus with the SEC. |
| 2025-02-14 | Date of filing of this Schedule 13G/A. |
Keywords
Sadot Group Inc., Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Institutional Investor
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