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Steakholder Foods Ltd. Announces Warrant Exercise for $1.5 Million in Gross Proceeds
Globenewswire· 2025-09-30 12:46
Rehovot, Israel, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH) (“Steakholder Foods” or the “Company”), a leading innovator in alternative proteins and 3D printing technologies, today announced the entry into the definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 297,618 of the Company’s American Depository Shares (“ADSs”), each representing four thousand (4000) ordinary shares of the Company, originally issued by the Compan ...
Steakholder Foods Announces Signing of Agreement for the Acquisition of Twine Solutions
Globenewswire· 2025-09-22 11:00
Existing Steakholder Shareholders to Retain Majority Stake; Twine Shareholders Previously Invested in Steakholder and Provided Convertible Loan, Both at a Substantial Premium Strategic Acquisition To Position the Combined Company As A Digital Printing Pioneering Force Geared Towards Global Trends Of Smart Manufacturing and Supply Chain Optimization Since its foundation, Twine has installed more than 30 systems at leading brands, dye houses and textile fulfillers and is working to fill more than $1 million ...
Steakholder Foods Ltd. Announces Pricing of $2.5 Million Public Offering
Globenewswire· 2025-07-16 13:16
Company Overview - Steakholder Foods Ltd. is a leading innovator in alternative proteins and 3D printing technologies, founded in 2019 [6] - The company specializes in developing and selling 3D-printing production machines, utilizing proprietary premix blends made from high-quality raw ingredients [6] - Steakholder Foods aims to provide safe and sustainable alternatives to traditional meat and seafood production, focusing on taste, texture, and appearance [6] Public Offering Details - The company announced a public offering of 2,380,954 American Depository Shares (ADSs), each representing 500 ordinary shares, at a price of $1.05 per ADS [1] - Accompanying the ADSs are warrants to purchase an equal number of ADSs, with an exercise price of $1.05, exercisable immediately and expiring five years from the issuance date [1] - The expected gross proceeds from the offering are approximately $2.5 million, with potential additional proceeds of $2.5 million from the warrants if fully exercised [3] Use of Proceeds - The net proceeds from the offering will be used for additional working capital, funding business growth, repurchasing securities, and general corporate purposes [3] Placement Agent - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] Regulatory Information - The offering is being conducted under a registration statement on Form F-1, which was declared effective by the SEC on July 16, 2025 [4]
First Steakholder-Formulated Plant-Based Fish Products Rolled Out in Retail Outlets
Globenewswire· 2025-07-15 11:00
White Fish Kebab and Salmon Patty now available at leading vegan outlets following scale-up to full commercial production Rehovot, Israel, July 15, 2025 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternative-protein production and 3D-printing technologies, today announced that the first Steakholder-formulated, plant-based, white-fish kebabs and salmon patties have commenced sales at leading vegan specialty stores across Israel, under the brand name Green Future (Atid Y ...
Steakholder Foods Announces Signing of Investment and Convertible Loan Agreements, and Memorandum of Understanding for Proposed Transformative Acquisition of Twine Solutions
Globenewswire· 2025-06-11 12:00
Core Insights - Steakholder Foods Ltd. has signed a non-binding MoU to acquire Twine Solutions Ltd., with Twine's shareholders investing $1.74 million at a price of $7 per ADS, representing a 200% premium over Steakholder's last closing price [1] - The acquisition aims to create a combined entity that leverages advanced digital printing and dyeing technologies, positioning it as a leader in both food tech and textile industries [1][4] - Twine has developed a proprietary waterless dyeing technology that is set to revolutionize the $120 billion textile thread and yarn industry, enhancing sustainability and efficiency [4][10] Investment Details - The investment is led by Gefen Capital, which specializes in high-potential Israeli startups with disruptive technologies [2] - Gefen Capital's partners have extensive operational experience and a proven track record in creating value, with notable figures such as David Wiessman and Sheldon Stein involved [2][3] - The investment and convertible loans have been completed, with the acquisition pending final due diligence and shareholder approval [6] Technological Advancements - Twine's technology allows for on-demand dyeing solutions, significantly reducing time to market and enabling customization for various applications [5] - The combination of Steakholder's 3D food printing technology and Twine's digital manufacturing systems is expected to explore commercial applications across multiple industries, focusing on speed, personalization, sustainability, and scale [5] - Twine has secured approximately $80 million in funding and established partnerships with major brands like Zara and COATS Group, indicating strong commercial momentum [4] Strategic Implications - The merger is seen as a transformative opportunity that could redefine digital manufacturing standards across industries [7] - Both companies share a commitment to innovation, sustainability, and efficiency, aiming to set new standards in their respective fields [7][10] - The strategic combination is expected to unlock significant value and create a powerful entity capable of leading advancements in technology and sustainability [7]
Steakholder Foods Announces ADS Ratio Adjustment
Newsfilter· 2025-04-23 20:30
Core Points - Steakholder Foods Ltd. announced a change in the ratio of its American Depositary Shares (ADSs) from one ADS representing one hundred ordinary shares to one ADS representing five hundred ordinary shares, effective April 28, 2025 [1][2] - This adjustment will be executed as a one-for-five reverse ADS split, requiring no action from existing ADS holders [2] - The Bank of New York Mellon will facilitate the exchange of existing ADSs for the new ratio on the effective date [2] - No new ADSs will be issued in connection with this adjustment, and any fractional shares will be aggregated and sold, with net proceeds distributed to ADS holders [3] Company Overview - Steakholder Foods is a leader in 3D-printed meat and fish technology, focusing on cultivated cell innovation [1] - Founded in 2019, the company specializes in developing 3D-printing production machines and proprietary premix blends made from high-quality raw ingredients [4] - The company's technology aims to help manufacturers produce alternative proteins that meet consumer expectations for taste, texture, and appearance, providing a sustainable alternative to traditional meat and seafood production [4] - Steakholder Foods is also working on replicating the textures of traditional meats and exploring the integration of cultivated cells for future advancements in food technology [5]
Steakholder Foods® Announces $1.25 Million Private Placement and $8 Million Equity Line of Credit Funding Mechanism
Newsfilter· 2025-02-28 14:00
Core Viewpoint - Steakholder Foods Ltd. has entered into definitive agreements for a private placement with Alumni Capital LP, raising approximately $1.25 million through the sale of American Depositary Shares (ADSs) and warrants, aimed at supporting its strategic growth initiatives [1][2][4]. Group 1: Private Placement Details - The company will sell 985,028 ADSs at a purchase price of $1.269 per ADS, with warrants to purchase an equal number of ADSs at an exercise price of $2.00, which will be immediately exercisable and expire in five years [1][2]. - The gross proceeds from this offering are expected to be around $1.25 million before deducting offering expenses, with the net proceeds intended for working capital and general corporate purposes [2]. Group 2: Equity Line of Credit - Steakholder Foods has established an equity line of credit (ELOC) with Alumni Capital LP, providing a flexible funding mechanism to support its growth while minimizing dilution to existing shareholders [4][5]. - The structure of the ELOC allows the company to maintain control over the timing and amount of equity sales, ensuring financial stability and strategic flexibility [5]. Group 3: Management Commentary - The CEO of Steakholder Foods emphasized that the agreements with Alumni Capital represent a significant milestone in the company's growth strategy, providing immediate funds for continued strategic growth while mitigating dilution [6]. - The Portfolio Manager at Alumni Capital expressed confidence in the company's vision and management team, indicating a commitment to support Steakholder Foods in driving sustainable value creation [6]. Group 4: Company Overview - Steakholder Foods specializes in alternative proteins and 3D printing technologies, focusing on developing and selling production machines that enable efficient food manufacturing [8]. - The company aims to create products that replicate the textures of traditional meats and is exploring the integration of cultivated cells for future advancements in food technology [9].