Beyond Meat's Stock Drops After Debt Reorganization Plan
Update: 2025-11-14
Description
Beyond Meats stock plummeted by eight percent in premarket trading on November fourteenth following the announcement of a conversion rate for its financial notes. The company set the rate at over five hundred seventy-two shares per thousand dollars in principal, equivalent to a conversion price of one dollar and seventy-five cents per share. This move comes after issuing more than three hundred seventeen million shares in an exchange offer for expired notes. If approved by shareholders at a special meeting on November nineteenth, up to one hundred twenty million additional shares could be issued, potentially causing further stock decline. Beyond Meat can only pay out cash for conversions until shareholder approval, after which it can settle conversions using common stock. The company is actively reorganizing its debt amidst slower growth in the plant-based meat market.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
