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EL SEGUNDO, CA – Beyond Meat, Inc. (NASDAQ:BYND), a leader in plant-based meat products, has reported an update on its shares via an 8-K filing with the Securities and Exchange Commission today. According to the document, the company has sold additional shares under its ongoing "at the market" equity offering program. The company, currently valued at $256.25 million, faces significant financial challenges according to InvestingPro analysis, which shows a concerning debt burden of $1.22 billion.
The company previously disclosed its Equity Distribution Agreement with B. Riley Securities, Inc. in a filing on November 7, 2024, which allows for the sale of common stock up to $200 million. As of December 31, 2024, Beyond Meat had sold approximately 9.75 million shares, totaling an aggregate offering price of $48.3 million.
Furthermore, the filing revealed that as of December 31, 2024, Beyond Meat had 76,065,969 shares of common stock outstanding. This number slightly increased by February 6, 2025, to 76,109,246 shares.
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