Sadot Group Inc. has announced the dismissal of its independent registered public accounting firm, Kreit & Chiu CPA LLP, effective September 22, 2026. The company’s Audit Committee approved the dismissal, which was communicated to the firm on the same date. Kreit & Chiu had served as the company’s auditor since 2021.
The filing notes that stockholders did not ratify Kreit & Chiu’s appointment for the fiscal year ending December 31, 2026, during the company’s 2026 Annual Meeting of Stockholders held on September 10, 2026. The reports issued by Kreit & Chiu for the fiscal years ended December 31, 2024, and 2025, did not contain an adverse opinion or disclaimer, though the 2025 report included an explanatory paragraph regarding substantial doubt about the company’s ability to continue as a going concern.
The company states that there were no disagreements with Kreit & Chiu regarding accounting principles or auditing scope during the relevant periods. However, the filing highlights a material weakness in internal control over financial reporting as of December 31, 2025. This weakness was identified due to insufficient staffing and limited financial resources, resulting in inadequate segregation of duties and challenges in timely financial information preparation. The company notes that this material weakness has not been fully remediated as of the report date.
In connection with the change in auditors, Sadot Group has engaged CT International LLP as the new independent registered public accounting firm. The engagement letter was executed on September 22, 2026, and CT International is authorized to audit the consolidated financial statements for the fiscal year ending December 31, 2026, and review the unaudited condensed financial statements for the quarter ending September 30, 2026.
