Overview

• The company said 97% of noteholders accepted the exchange, with an early settlement slated for Oct. 15.
• Beyond Meat replaced 2027 convertible notes with $202.5 million of new debt maturing in 2030 and authorized up to 326 million new shares.
• Filings indicate bondholders could own about 88% of the equity if the new notes are converted, heavily diluting current shareholders.
• Shares closed Tuesday at 78 cents, placing the company at risk of Nasdaq delisting if the price stays under $1 for 30 straight trading days.
• Analysts flagged ongoing demand and revenue weakness, with TD Cowen cutting its target to 80 cents and short interest around 64% of free float.