Muscle Maker Announces Name Change And Rebranding To Sadot Group Inc
$GRIL
Restaurants
Consumer Discretionary
Muscle Maker Announces Name Change And Rebranding To Sadot Group Inc
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8-K - Sadot Group Inc. (0001701756) (Filer)
8-K - Sadot Group Inc. (0001701756) (Filer)
DEF 14A - Sadot Group Inc. (0001701756) (Filer)
4 - Sadot Group Inc. (0001701756) (Issuer)
4 - Sadot Group Inc. (0001701756) (Issuer)
4 - Sadot Group Inc. (0001701756) (Issuer)
SC 13G/A - Sadot Group Inc. (0001701756) (Subject)
SC 13D/A - Muscle Maker, Inc. (0001701756) (Subject)
SC 13D/A - Muscle Maker, Inc. (0001701756) (Subject)
FORT WORTH, TX / ACCESSWIRE / July 26, 2023 / Muscle Maker Inc. (NASDAQ:GRIL) ("MMI" or the "Company"), today announced its corporate rebranding from MMI to Sadot Group Inc. effective July 27, 2023. The Company's stock ticker symbol will change from "GRIL" to "SDOT" on the Nasdaq stock exchange, and trading under the new stock ticker symbol will commence on July 27. Holders of common stock are not required to exchange current outstanding stock certificates for new stock certificates.The parent company name change was initiated by the Company's strategic pivot into the global agri-food supply chain industry. Since the pivot in November 2022, the company has delivered consistent results. As of
Sadot Crosses $500 Million Total Revenue MilestoneFORT WORTH, TX / ACCESSWIRE / July 24, 2023 / Muscle Maker Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced that Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception milestone by achieving top line revenue of over $45.7 million for the month of June 2023. The announcement marks the eighth consecutive month in which top line revenue has exceeded $45 million and shows continued success of Sadot LLC with total revenue since inception in November 2022 of over $515 million."I am thrilled to announce another remarkable milestone. Achieving top line revenue of over $45.7 million for the month of June 2
New Agreement to Reduce Expenses Related to Stock Issuance and Enhance Profit PotentialFORT WORTH, TX / ACCESSWIRE / July 18, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has amended its current Services Agreement with AGGIA LLC FZ. The new addendum, among other features, modifies the formula by which MMI will issue shares of common stock earned by AGGIA for net income generated through MMI's Sadot division from 80% of net income to 40% of net income. The overall intended effect will be to reduce, by 50%, the quarterly non-cash expenses related to stock issuances to AGGIA, streamline the reporting processes and is expected to have a favorable impact the Co
FORT WORTH, TX / ACCESSWIRE / June 1, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company"), today announced that it has achieved top line revenue of over $58.9 million for the month of April 2023. This revenue announcement marks the achievement of six consecutive months above $50 million revenue for the company and demonstrates continued success of Sadot LLC, its wholly owned subsidiary, with a total revenue since inception in November 2022 of over $418 million."April's results reflect our continued growth in the global supply chain of Agri-commodities," stated Michael Roper, CEO. "Sadot's continues to generate significant top line contribution and increasing exposure to the global marke
Revenue Rises to $213 Million From $3 MillionAdjusted EBITDA Rises to $2.4 Million vs. Loss in Prior YearFORT WORTH, TX / ACCESSWIRE / May 10, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL) ("Muscle Maker", "GRIL" or the "Company"), a global agricultural-commodity supply chain and emerging growth stage restaurant company, today announced its first quarter results ending March 31, 2023. Chief Executive Officer, Michael Roper and Chief Financial Officer, Jennifer Black will host a conference call at 5 pm Eastern Daylight Time on May 10, 2023, to discuss the results. All interested parties are invited to join this call. The Q1 2023 financial statements for the quarter ended March 31, 2023, are availab
FORT WORTH, TX / ACCESSWIRE / May 8, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL) ("Muscle Maker", "GRIL" or the "Company"), a global agricultural-commodity supply chain and emerging growth stage restaurant company, today announced that the Company plans to file and host an associated conference call on Wednesday May 10th, 2023, at 5:00 PM Eastern Daylight Time to discuss the results for the quarter ending March 31, 2023 with its Chief Executive Officer Michael Roper and its Chief Financial Officer Jennifer Black.Webcast DetailsDate: May 10, 2023Time: 5:00 PM EDT / 2:00 AM PDTTo register, please use the link below:https://audience.mysequire.com/webinar-view?webinar_id=0e6c02ab-718c-470b-80b4-04c1
4 - Sadot Group Inc. (0001701756) (Issuer)
4 - Sadot Group Inc. (0001701756) (Issuer)
4 - Sadot Group Inc. (0001701756) (Issuer)
FORT WORTH, TX / ACCESSWIRE / June 14, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named Dr. Ahmed Khan to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Dr. Khan is the third nomination to be named of the final three board member seats.Dr. Khan brings more than 15 years of background in research and development (R&D) and operations, with experience in various sectors, including sustainability in the form of waste management and the automotive areas. Most recently, Khan led
FORT WORTH, TX / ACCESSWIRE / June 12, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named David Errington to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. Errington is the second nomination to be named of the final three board member seats.Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent rol
Continuing Transformation from a Consumer-Focused Restaurant Company into a Global, Food-Focused Organization Drives Income GrowthFORT WORTH, TX / ACCESSWIRE / April 11, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced the appointment of Mr. Paul Sansom and Mr. Marvin Yeo to its Board of Directors, effective April 10, 2023.As disclosed in an 8K filing on November 18, 2022, MMI and its wholly-owned subsidiary, Sadot LLC, entered into a service agreement whereby Sadot engaged Aggia LLC FZ to perform services related to the purchase of and sale of physical food commodities. Upon Sadot generating certain net income targets, Aggia has the right to nominate up to eight
Muscle Maker Inc (NASDAQ:GRIL) said Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception by registering revenue of over $45.7 million for the month of June 2023. This marks the eighth consecutive month in which top-line revenue has exceeded $45 million. “With our recently announced amendment to the service agreement with AGGIA, which reduces the quarterly non-cash stock-based compensation expense by 50%, our monthly revenues are expected to have a more favorable impact on our financial reporting with the intended result of improving the bottom-line results for our company,” said CEO Michael Roper. Also Read: Muscle Maker Acquires Zambia Farmland Fo