Beyond Meat Completes 1‑for‑30 Reverse Stock Split

Overview

• Company filings confirmed late Thursday that every 30 existing shares were combined into one share and split‑adjusted trading began at market open the following day.
• The company reduced authorized common shares from 3 billion to 100 million and will round fractional holdings up at the DTC participant level or issue small additional shares to holders.
• Conversion rates for outstanding convertible notes, the number of shares issuable on warrants, and equity award counts and exercise prices were all adjusted proportionally to reflect the 1‑for‑30 ratio.
• Shares jumped about 10–13% in immediate post‑split trading and TD Cowen’s Robert Moskow raised his price target to $15, but analysts and the company say the split is a mechanical fix that does not change underlying business performance.
• Beyond Meat still faces an August 31 window to achieve 10 consecutive business days with a $1.00 closing bid and investors will be watching revenue trends, cash levels and debt as the real tests of whether the company can sustain a Nasdaq listing.