Sadot Group Inc. (NASDAQ:SDOT) stock is surging on Monday, building on gains from late last week.
The upward movement follows the company’s July 14 completion of a $6 million acquisition of TradeIQ from Hong Kong-based Litial Ltd.
TradeIQ provides predictive-intelligence software designed to complement commodity trading and risk management platforms.
The transaction includes the software’s source code, models, training datasets, data pipelines, and technical documentation.
Sadot structured the purchase with $50,000 in cash, 200,000 common stock shares valued at $2 million, and 3,950 Series C preferred shares holding a total stated value of $3.95 million.
