Reported 17 days ago
Beyond Meat's shares plunged below $1 as investors expressed worries over the company's plan to issue more shares to reduce its $800 million debt, diluting current shareholder value. The plant-based meat producer reported a 15% decline in net revenue in the first half of this year, struggling with weak demand in the U.S., despite some success in Europe. The company's stock is now down 73% since the beginning of the year, raising concerns about potential delisting from Nasdaq.
Source: YAHOO