Sadot Group is a small-cap holding company that attempted to build a global agri-foods supply chain business but has effectively failed. The company originally operated as Muscle Maker, a U.S. restaurant company, before pivoting in 2022 to trading and shipping agricultural commodities — primarily soybean meal, wheat, and corn — between countries via dry bulk cargo ships. The commodity trading business was almost entirely dependent on Aggia, a Dubai-based third-party consultant that sourced and executed trades on Sadot's behalf. When that relationship was terminated in November 2025, Sadot lost its ability to generate revenue. The company also acquired a roughly 5,000-acre farm in Zambia in 2023, but an adverse court judgment has ended effective control of that asset, resulting in an $11.8M impairment. International offices in Brazil, Canada, and the UAE have all been closed. A $13.4M investment in Indonesian carbon credits was written off entirely. Total asset impairments in FY25 were approximately $31M. The company's restaurant segment — including Pokémoto and Muscle Maker Grill — was sold in December 2025 for $2.9M. Sadot is now effectively a shell company with a Nasdaq listing, no meaningful operating revenue, debt defaults, and multiple Nasdaq compliance notices. Management has acknowledged the agri-foods model is no longer viable and is actively seeking an acquisition or merger with a cash flow-producing business, with no identified target.