Overview

• Beyond Meat completed an exchange of nearly $1.15 billion in 2027 convertible notes for about $202.5 million of new 7% notes due 2030 and roughly 316–326 million new shares.
• Noteholders now control about 81% of outstanding shares, a stake that could reach nearly 88% if the new notes are converted.
• The share issuance more than quadrupled the stock count, setting off intense trading and a short-squeeze rally that lifted the stock about 50% on Oct. 17 with roughly 438 million shares changing hands.
• Pre-market trading on Oct. 20 showed another surge as high short interest, reported around 64% of float, fueled continued volatility rather than any improvement in business performance.
• The company set a Nov. 19 special meeting to vote on raising authorized shares to 3 billion, a new equity‑incentive plan, and a possible reverse split, while fundamentals remain weak with Q2 revenue down about 20% to $75 million.