Beyond Meat Implements 1-For-30 Reverse Stock Split And Proportionate Reduction In Authorized Shares Effective August 13
Beyond Meat, Inc. (NASDAQ:BYND) (the "Company") today announced that it has filed a Certificate of Amendment to its Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to
Beyond Meat is combining 30 of its shares into 1 share—like trading thirty $1 bills for one $30 bill. This is a sign the stock price got very low, and the company wants it to look healthier on paper, but it doesn't change what the company is actually worth.
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