Shares of Beyond Meat (NASDAQ:BYND) fell more than 4% in the Tuesday premarket trading after the company announced it may issue and sell securities worth up to $250 million through one or more transactions.
The range of securities that could be offered includes common and preferred stock, debt securities, warrants, purchase contracts, and units.
The move comes shortly after Beyond Meat's earnings report in late February. As of December 31, the company reported having $205.9 million in cash, cash equivalents, and restricted cash, alongside $1.1 billion in debt.
Importantly, the filing does not indicate that a sale has begun or will happen in the future.
Beyond Meat’s shares have climbed more than 15% over the past month, driven mainly by its earnings print. Year-to-date, the stock is still 6.6% in the red.