Overview
- On Tuesday, August 11, Beyond Meat’s board finalized a 1-for-30 reverse stock split that becomes effective at 11:59 p.m. ET on August 13 and will begin trading on a split-adjusted basis at the Nasdaq open on August 14.
- The announcement triggered heavy selling that pushed BYND to record lows near $0.41 per share, a roughly 20–21% intraday decline reported by multiple outlets.
- As part of the capital restructure the company will cut authorized common shares from 3 billion to 100 million and lower total authorized capital stock from about 3.0005 billion to 100.5 million shares.
- Beyond Meat will convert every 30 pre-split shares into one post-split share, round fractional registered-share entitlements up to whole shares, and proportionally adjust conversion rates on convertible notes, warrants and equity awards.
- The split is a mechanical step to meet Nasdaq rules and will not change market capitalization or ownership stakes, but it comes against a backdrop of falling sales, weak gross margins, ongoing cash burn and a consensus Sell rating that leaves the stock’s outlook unclear.