Sadot Group Inc.

(NASDAQ:SDOT) shares surged on Friday following the news about the company's acquisition of TradeIQ, receiving access to up to $200 million in financing and the elimination of a legacy equity facility.

This gain outperformed the broader market.

The S&P 500 declined 0.61%, while the Consumer Staples sector rose 0.56%. • Sadot Group stock is among today's top performers.

What's driving SDOT stock higher?