Sadot Group Inc. — Major Shareholding Notification 2020

Sep 21, 2020

SC 13G 1 gril-sc13g_091120.htm ACQUISITION OF BENEFICIAL OWNERSHIP Field: Rule-Page

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.)*

| Muscle
Maker, Inc. |
| --- |
| (Name
of Issuer) |
| Common
Stock, par value $0.0001 per share |
| (Title
of Class of Securities) 627333107 |
| (CUSIP
Number) |
| September
11, 2020 |
| (Date
of Event Which Requires Filing of this Statement) |

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

| ☐ | Rule
13d-1(b) |
| --- | --- |
| ☒ | Rule
13d-1(c) |
| ☐ | Rule
13d-1(d) |

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No . 627333107 Page 2 of 9

| 1 | NAME
OF REPORTING PERSON Altium Capital Management, LP I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) EIN: 82-2066653 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b) ☒ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United State of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 588,200 |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 588,200 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,200 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% (1) | |
| 12 | TYPE
OF REPORTING PERSON IA | |

(1) Based on 11,089,440 shares of Common Stock outstanding as of September 10, 2020 as set forth in the Issuer’s Form 424B4 Prospectus filed with the Securities and Exchange Commission on September 14, 2020

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CUSIP No . 627333107 Page 3 of 9

| 1 | NAME
OF REPORTING PERSON Altium Growth Fund, LP I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) EIN: 82-2105101 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b) ☒ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 588,200 |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 588,200 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,200 | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% (1) | |
| 12 | TYPE
OF REPORTING PERSON PN | |

(1) Based on 11,089,440 shares of Common Stock outstanding as of September 10, 2020 as set forth in the Issuer’s Form 424B4 Prospectus filed with the Securities and Exchange Commission on September 14, 2020

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CUSIP No . 627333107 Page 4 of 9

1	NAME OF REPORTING PERSON Altium Capital Growth GP, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) EIN: 82-2086430
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United State of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5	SOLE VOTING 0
	6	SHARED VOTING POWER 588,200
	7	SOLE DISPOSITIVE POWER 0
	8	SHARED DISPOSITIVE POWER 588,200
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,200
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% (1)
12	TYPE OF REPORTING PERSON PN

(1) Based on 11,089,440 shares of Common Stock outstanding as of September 10, 2020 as set forth in the Issuer’s Form 424B4 Prospectus filed with the Securities and Exchange Commission on September 14, 2020

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CUSIP No . 627333107 Page 5 of 9

| Item
1(a). — Item
1(b). | | Name of Issuer: Muscle
Maker, Inc. (the “Issuer”) — Address
of Issuer’s Principal Executive Offices: 308 E. Renfro Street, Suite 101 Burleson,
Texas 76028 | |
| --- | --- | --- | --- |
| Item
2(a). | | Name
of Person Filing: This
statement is jointly filed by and on behalf of each of Altium Growth Fund, LP (the “Fund”), Altium Capital
Management, LLC, and Altium Growth GP, LLC. The Fund is the record and direct beneficial owner of the securities covered
by this statement. Altium Capital Management, LP is the investment adviser of, and may be deemed to beneficially own securities,
owned by, the Fund. Altium Growth GP, LLC is the general partner of, and may be deemed to beneficially own securities
owned by, the Fund. Each
reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission
that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner
of any securities covered by this statement. Each
of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer
for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing
of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section
13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other
person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing
of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of
any group with respect to the Issuer or any securities of the Issuer. | |
| Item
2(b). | | Address
of Principal Business Office or, if None, Residence: | |
| | | The
address of the principal business office of each of the reporting person is 152 West 57 Street, FL 20, New York, NY 10019 | |
| Item
2(c). | | Citizenship: | |
| | | See
Item 4 on the cover page(s) hereto. | |
| Item
2(d). | | Title
of Class of Securities: | |
| | | Common
Stock, par value $0.0001 per share | |
| Item
2(e). | | CUSIP
Number: 627333107 | |
| Item
3. | If
This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: | | |
| | (a) | ☐ | Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| | (b) | ☐ | Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |
| | (c) | ☐ | Insurance
company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| | (d) | ☐ | Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| | (e) | ☐ | An
investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |

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CUSIP No . 627333107 Page 6 of 9

| | (f) | ☐ | An
employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| --- | --- | --- | --- |
| | (g) | ☐ | A parent holding
company or control person in accordance with §240.13d-1(b)(ii)(G); |
| | (h) | ☐ | A savings association
as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| | (i) | ☐ | A church plan that
is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
| | (j) | ☐ | Group, in accordance
with §240.13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership. | | |
| | Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified
in Item 1. The
information as of the date of the events which requires filing of this statement required by Items 4(a) – (c) is
set forth in Rows 5 – 11 of the cover page for each Reporting Person listed above and is incorporated by reference
for each such Reporting Person. The percentage set forth in line 11 of the cover page for each Reporting Person is based
on 1 1,089,440 shares of Common Stock issued and outstanding as of September
11, 2020, as set forth in the Issuer’s Form 424B4 Prospectus filed with the Securities and Exchange Commission on
September 14, 2020. | | |

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CUSIP No . 627333107 Page 7 of 9

| Item
5. | Ownership
of Five Percent or Less of a Class. |
| --- | --- |
| | If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐ |
| Item 6. | Ownership of
More than Five Percent on Behalf of Another Person. |
| | Not applicable |
| Item 7. | Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control
Person. |
| | Not applicable |
| Item 8. | Identification
and Classification of Members of the Group. |
| | Not applicable |
| Item 9. | Notice of Dissolution
of Group. |
| | Not applicable |
| Item 10. | Certification. |

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:	September 21, 2020
Altium Capital Management, LP
By:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	CEO
Altium Growth Fund, LP
By:	Altium Growth GP, LLC
Its:	General Partner
Signature:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	Managing Member of Altium Growth GP, LLC
Altium Growth GP, LLC
By:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	Managing Member

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EXHIBIT INDEX

Page 8 of 9

EXHIBIT 1: Joint Acquisition Statement Pursuant to Section 240.13d-1(k)

Members of Group

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Page 9 of 9

EXHIBIT 1

JOINT ACQUISITION STATEMENT

PURSUANT TO SECTION 240.13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Dated:	September 21, 2020
Altium Capital Management, LP
By:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	CEO
Altium Growth Fund, LP
By:	Altium Growth GP, LLC
Its:	General Partner
Signature:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	Managing Member of Altium Growth GP, LLC
Altium Growth GP, LLC
By:	/s/ Jacob Gottlieb
Name:	Jacob Gottlieb
Title:	Managing Member

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