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REHOVOT, Israel - Steakholder Foods Ltd. (NASDAQ:STKH), an alternative proteins and 3D printing technologies company with a market capitalization of $1.16 million, announced Wednesday the pricing of a public offering that is expected to raise approximately $2.5 million in gross proceeds. According to InvestingPro data, the company has been quickly burning through cash, with negative EBITDA of $8.01 million in the last twelve months.
The offering consists of 2,380,954 American Depository Shares (ADSs) and accompanying warrants to purchase an equal number of ADSs, priced at $1.05 per ADS. Each ADS represents 500 ordinary shares of the company. The current stock price of $1.63 represents a 90.55% decline from last year, trading well below its 52-week high of $17.76.
The warrants will have an exercise price of $1.05 per ADS, will be exercisable immediately upon issuance, and will expire five years from the issuance date. If fully exercised, the warrants could generate an additional $2.5 million in gross proceeds.
H.C. Wainwright & Co. is serving as the exclusive placement agent for the offering, which is expected to close on or about July 17, 2025, subject to customary closing conditions.
According to the company’s statement, the net proceeds will be used for additional working capital, funding business growth, repurchasing securities, and general corporate purposes.
The offering is being made pursuant to a registration statement on Form F-1 that was declared effective by the Securities and Exchange Commission on July 16, 2025.
Steakholder Foods, founded in 2019, develops and sells 3D-printing production machines and proprietary premix blends for alternative protein products. The company focuses on creating products that replicate textures of traditional meats such as beef steaks, white fish, shrimp, and eel. While InvestingPro analysis shows concerning financial health metrics, analysts anticipate remarkable sales growth of 5449% for FY2025. For deeper insights into STKH’s growth potential and 13 additional ProTips, consider exploring InvestingPro’s comprehensive analysis tools.
This article is based on a press release statement from the company.
In other recent news, Steakholder Foods Ltd. announced a strategic move to acquire Twine Solutions Ltd., a company specializing in digital thread and yarn dyeing technology. This potential merger aims to combine Steakholder’s 3D food printing technology with Twine’s digital manufacturing systems, potentially impacting the food, automotive, and fashion industries. Twine’s shareholders are investing $1.74 million in Steakholder Foods, with the funds intended to accelerate Twine’s commercial expansion. The acquisition is still subject to due diligence and shareholder approval.
Additionally, Steakholder Foods has declared a significant change in the ratio of its American Depositary Shares (ADSs). Effective April 28, 2025, the new ratio will be one ADS for every five hundred ordinary shares, compared to the current one-to-one hundred ratio. This adjustment is equivalent to a one-for-five reverse ADS split. The Bank of New York Mellon will handle the conversion, and shareholders will not need to take any action. These developments reflect Steakholder Foods’ ongoing strategic maneuvers in the market.
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