Business
Muscle Maker, Inc. Regains Compliance with Nasdaq Listing Requirements
FORT WORTH, TX / ACCESSWIRE / March 3, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company"), today announced receipt of a letter from The Nasdaq Stock
About this update from Sadot Group Inc.
[{"type":"text","content":"FORT WORTH, TX / ACCESSWIRE / March 3, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the \"Company\"), today announced receipt of a letter from The Nasdaq Stock Market (\"Nasdaq\") stating that the Company has regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price listing requirement. Accordingly, the Company has been removed from Nasdaq's non-compliance list, and the matter is now closed.\"We are pleased that Muscle Maker has regained compliance with the Nasdaq's listing requirements,\" stated Michael Roper, CEO of Muscle Maker, Inc. \"We believe this is a positive outcome for our stockholders.\"About Muscle Maker, Inc.Muscle Maker, Inc. is the parent company of \"healthier for you\" brands delivering high-quality healthy food options to consumers through traditional and non-traditional locations such as military bases, universities, delivery and by direct-to-consumer ready-made meal prep options. Brands include Muscle Maker Grill Restaurants, Pokemoto Hawaiian Poke and SuperFit Foods meal prep. The menus highlight healthier versions of traditional and non-traditional dishes and feature grass fed steak, lean turkey, chicken breast, Ahi tuna, salmon, shrimp, tofu, and plant-based options. For more information on Muscle Maker, Inc., visit www.musclemakergrill.com, for more information on Pokemoto visit www.pokemoto.com or for more information on SuperFit Foods visit www.superfitfoods.com.About Sadot LLCSadot is a wholly owned subsidiary of Muscle Maker, Inc. Sadot's goal is to create a comprehensive, global food company that stretches from sustainable farming, agricultural commodity shipping and trading, distribution, production and ultimately reaches consumers through our restaurant, franchise, and meal prep companies. Sadot currently focuses on international agricultural commodity shipping and trading for items such as soybean meal, wheat, and corn. Shipments are via commercial cargo ships that can range between 25,000 to 75,000 metric tons.Forward-Looking StatementsThis press release may include \"forward-looking statements\" pursuant to the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, prod...