Sadot Group Inc. has entered into a 50/50 joint venture with VisionWave Holdings, Inc. to finance and pursue the acquisition of C.M. Composite Materials Ltd. (CM), an Israeli advanced-composites manufacturer. The new joint venture entity is named CMJV LLC.
Key Details
- Agreement: On September 30, 2026, Sadot entered into a Joint Venture and Operating Agreement with VisionWave, establishing CMJV LLC as a 50/50 partnership.
- Sadot's Contribution: Sadot has committed to contribute approximately $7.81 million in cash to the JV over the next 12 months, with the full amount due by September 30, 2027.
- VisionWave's Contribution: VisionWave contributed its existing rights to acquire a 51% interest in CM and its secured loans to CM, also valued at approximately $7.81 million.
- Equity Premium: As consideration for entering the JV, Sadot issued 250,000 shares of its common stock to VisionWave.
- Objective: If the acquisition of CM is completed, Sadot and VisionWave will each indirectly hold a 25.5% economic interest in the advanced-composites manufacturer.