Beyond Meat Executes 1-for-30 Reverse Stock Split
Beyond Meat announced a 1-for-30 reverse stock split aimed at regaining compliance with Nasdaq's minimum bid price requirement, a move that will take effect late Thursday, August 13, 2026. The company's stock closed at $0.4176 on Tuesday, August 11, following the announcement, marking a 19.7% decline for the day and a new 52-week low.
The reverse split is designed to increase the per-share trading price to meet Nasdaq's listing standard, which requires a minimum bid price of $1.00. Under the terms of the split, every 30 shares of existing BYND stock will be consolidated into one new share. This consolidation will become effective at 11:59 p.m. ET on August 13, with split-adjusted trading commencing on August 14. The company's ticker symbol will remain BYND, but it will have a new CUSIP number, 08862E307.
The action follows stockholder authorization of thirty potential consolidation ratios at a special meeting held on November 19, 2025. The board of directors selected the 1-for-30 option. Chief Executive Officer Ethan Brown described the split as "an important step toward maintaining our Nasdaq listing." The company's authorized common stock will be reduced from 3 billion shares...