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Beyond Meat Swaps Debt, Stock Plummets Amid Dilution Fears $BYND #stonks #investing #genbet
16 days ago
34
Beyond Meat has managed to restructure its debt by swapping convertible notes for secured bonds, temporarily alleviating pressure from investors. However, this move has sparked concerns over dilution, causing investors to flee and the stock to plummet, highlighting the struggles of the fake-meat industry, including Impossible Foods, amidst weak demand and operational issues.
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