Overview
- Beyond Meat’s board set a 1‑for‑30 reverse split to take effect at 11:59 p.m. ET on Thursday, Aug. 13, with split‑adjusted trading due to begin Friday, Aug. 14, under the BYND ticker and a new CUSIP.
- The move will cut authorized common stock from 3 billion shares to 100 million and reduce total authorized capital stock proportionally, while leaving each shareholder’s percentage ownership unchanged.
- The company will not issue fractional shares; holders entitled to fractions will be rounded up to whole shares, and outstanding convertible notes, warrants, and equity awards will be adjusted on the 1‑for‑30 basis.
- Markets reacted negatively to the announcement, with several outlets reporting immediate price drops (roughly 3.3% in some reports) and other coverage showing steeper early trading declines as the stock traded near record lows.
- The split is a compliance measure to meet Nasdaq price rules rather than a fix for operations, and analysts note Beyond Meat still faces falling revenue, weak gross margins, ongoing cash burn, and a prevailing Sell consensus with a low price target.