Sadot Group is trading 20.1% up in pre-market at $15.83 after announcing the full settlement of $543,478.26 in remaining 8% unsecured debentures through issuance of 67,936 common shares at $8.00 per share.
- The transaction eliminates the February debentures and improves the balance sheet.
- The share issuance introduces potential dilution.
- The stock closed August 21 at $13.18, up 56.16%.