Shares of Beyond Meat Inc (NASDAQ:BYND) are falling Monday after the plant-based meat company announced a debt restructuring move that will significantly dilute its shareholders.
What To Know: Beyond Meat said nearly all creditors accepted a debt swap of 0% convertible notes due in 2027 for 7% convertible notes due in 2030, plus new shares of common stock. The company said it will issue up to 326 million shares of new common stock under the plan.
