−Removed: As of December 31, 2024, our corporate office is located at 295 E Renfro St., Ste 209 Burleson, TX 76028.
−Removed: We believe our current office space is suitable and adequate for its intended purposes and our near-term expansion plans.
−Removed: We also own 70% of farmland in the Mkushi area in Zambia Africa.
−Removed: Sadot Zambia owns approximately 5,000 acres of farmland in the Mkushi Region of Zambia which was acquired in August of 2023.
−Removed: Sadot Zambia is 100% owned by Sadot Enterprises Limited, which is 70% owned by Sadot LLC.
−Removed: As of December 31, 2024, the Company franchised 47 restaurants throughout the United States.
+Added: As of December 31, 2025, our corporate office was
+Added: located at 295 E Renfro St., Ste 209, Burleson, TX 76028.
+Added: In January 2026, the Company was notified by the landlord of its leased office
+Added: space that the Company was in default under the lease and that the landlord had retaken possession of the premises.
+Added: The Company had paid
+Added: rent through December 31, 2025 and occupied the premises through December 2025 and for a limited period in January 2026.
+Added: At the time of
+Added: repossession, the lease had a remaining contractual term through March 2029, representing approximately 38 months of remaining lease payments.
+Added: This event occurred subsequent to December 31, 2025 and represents a non-recognized subsequent event.
+Added: Accordingly, no adjustments have
+Added: been made to the accompanying consolidated financial statements.
+Added: Management has evaluated the impact of this matter and determined that
+Added: it did not have a material effect on the Company’s financial position, results of operations, or cash flows for the year ended December
+Added: The Company expects to recognize the financial impact associated with this matter in the quarter ending March 31, 2026.
+Added: In August 2023, the Company closed on the acquisition
+Added: of approximately 5,000 acres of farmland in the Mkushi Region of Zambia through Sadot Zambia.
+Added: Sadot Zambia is 100% owned by Sadot Enterprises
+Added: Limited, which is 70% owned by Sadot LLC.
+Added: On December 11, 2025, the High Court for Zambia (Commercial Division) delivered a judgment in
+Added: the case of Cropit Farming Limited v.
+Added: Sadot LLC (2025/HPC/0184).
+Added: The Court declared the Pre-Conditional Offer Agreement, the Purchase
+Added: of Receivables and Validation Agreement, and the Joint Venture Agreement between the parties to be invalid, non-binding, and unenforceable.
+Added: As a result, the Company, has lost possession, control, and ownership of approximately 5,000 acres of farmland in Mkushi, Zambia, which
+Added: had been placed in escrow pursuant to the invalidated agreements.
+Added: The Court dismissed Cropit Farming Limited’s claims for monetary
+Added: damages but ordered Sadot LLC, a wholly owned subsidiary of the Company, to pay Cropit Farming Limited’s litigation costs.
+Added: The Company’s
+Added: counterclaims were also dismissed.
+Added: The Company has filed an appeal seeking recovery of $3.5 million.
+Added: The appeal process is expected to
+Added: take in excess of one year.
+Added: There is no guarantee that the Company will be successful in such appeal.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.