Beyond Meat, Inc. has implemented a 1-for-30 reverse stock split of its common stock, effective August 13, 2026. The action is intended to increase the per-share trading price of its stock to regain compliance with the Nasdaq Global Select Market's minimum bid price requirement.
Key Details
- Split Ratio & Effective Date: A 1-for-30 reverse stock split was effective at 11:59 p.m. ET on August 13, 2026. Split-adjusted trading is expected to begin on August 14, 2026.
- Nasdaq Compliance: The primary goal is to meet the $1.00 minimum bid price for at least 10 consecutive business days before the August 31, 2026 compliance deadline.
- Authorized Share Reduction: Concurrently, the total number of authorized shares of common stock was reduced from 3 billion to 100 million.
- Trading Information: The stock will continue to trade under the symbol 'BYND' but will be assigned a new CUSIP number (08862E307).