Workflow
Alternative Protein
icon
Search documents
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]
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].