Beyond Meat Plummets After Debt Swap Massively Dilutes Shareholders

Packages of Beyond Meat burgers in a grocery store in Dobbs Ferry, New York. Beyond Meat Inc. tumbled the most since the company went public in 2019 after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Most Read from Bloomberg The stock sank as much as 58% to 84.5 cents on Monday, its worst-ever intraday decline. The shares had already fallen 47% this year through Friday. Based on the latest results, ...