Beyond Meat, Inc. (BYND) saw its stock plummet by 5.61% during intraday trading on Tuesday, reflecting investor concerns over recent financial adjustments.
The decline follows the company's announcement of lowering the warrant strike price by 40% for a senior lender, adjusting it to $1.95 per share. Additionally, Beyond Meat issued warrants to purchase 9.6 million shares at this reduced price, raising concerns about potential dilution. The company also filed a mixed shelf offering and amended an intercreditor agreement for second lien exchanges, further signaling financial restructuring efforts.
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