🔴 Beyond Meat is trading 13% down today after $15 million debt-for-stock exchange adds shares

Beyond Meat is trading at $9.97, down 13.38%, after announcing a $15 million exchange of convertible debt for common stock on September 23, 2026.

• Notes convert at 96% of face value; the deal reduces debt but dilutes existing holders.
• An initial 1,097,444 shares are expected, with potentially 848,265 more.
• At announcement, shares were reported down 7.5% to $10.65, while broader indexes were only modestly lower, indicating a company-specific catalyst.