Beyond Meat announced its Board of Directors has approved a 1-for-30 reverse stock split of its common stock. The action is intended to help the company regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market. The company will also execute a proportionate reduction in its authorized shares.
Key Details
- Ratio & Effective Date: The 1-for-30 reverse stock split will be effective at 11:59 p.m. ET on August 13, 2026.
- Split-Adjusted Trading: Shares are expected to begin trading on a split-adjusted basis at market open on August 14, 2026, under the existing ticker symbol "BYND" and a new CUSIP number.
- Authorized Share Reduction: In conjunction with the split, the number of authorized shares of common stock will be reduced from 3.0 billion to 100 million.