Sadot Group Inc. Dismisses Independent Auditor Kreit & Chiu

What Happened

• Sadot Group Inc. announced that its Audit Committee approved the immediate dismissal of independent registered public accounting firm Kreit & Chiu CPA LLP on September 22, 2026. The company filed the Form 8‑K on September 25, 2026.
• Kreit & Chiu had served as Sadot’s auditor since 2021. The company previously disclosed that its stockholders did not ratify Kreit & Chiu’s appointment for the fiscal year ending December 31, 2026 at the September 10, 2026 annual meeting.

Key Details

• Dismissal approved by the Audit Committee on September 22, 2026; company notified Kreit & Chiu the same day.
• Kreit & Chiu’s audit reports for fiscal years 2024 and 2025 were not adverse or disclaimed; the 2025 report included an explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern.
• No disagreements or reportable events with Kreit & Chiu during 2024, 2025, or the interim period through September 22, 2026, other than a previously disclosed material weakness in internal control over financial reporting.
• The material weakness—attributed to insufficient staffing and limited accounting resources causing poor segregation of duties and review—remains unremediated as of the 8‑K filing. The company authorized Kreit & Chiu to cooperate with the successor auditor.

Why It Matters

• A change of independent auditor and the earlier failure of shareholders to ratify the auditor can signal governance or oversight issues investors should monitor.
• The 2025 going-concern explanatory paragraph and the ongoing material weakness in internal controls are concrete, documented risks that could affect the accuracy and timing of Sadot’s financial reporting and its financial condition.
• Investors should watch for the company’s selection of a successor auditor, any audit committee commentary, and updates on remediation of the internal-control weakness and on near-term liquidity or going-concern disclosures.