Financing ·
Beyond Meat swaps $15M of convertible notes for common stock at a purchase price of 96% of face value
BYNDBeyond Meat, Inc.
Beyond Meat entered into privately negotiated exchange agreements to swap approximately $15.0 million principal amount of its outstanding 0% Convertible Senior Notes due 2027 for common stock at a purchase price of 96% of face value. The transaction involves issuing an initial 1,097,444 shares on or about September 23, 2026, with up to 848,265 additional shares potentially issued in a final settlement by September 28, 2026, depending on the volume-weighted average price over three trading days. The floor price for this calculation is set at $7.4009 per share. Beyond Meat operates in the food industry, manufacturing and selling plant-based meat alternatives.