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flag Beyond Meat's stock dropped 44.4% after announcing a debt deal involving massive equity dilution to cut debt and extend maturities.

flag Beyond Meat's stock plunged 44.4% after announcing a debt restructuring plan that offers holders of its 2027 notes an exchange for new secured notes and up to 326 million new shares, aiming to reduce debt by over $800 million and extend maturities. flag The company also seeks to eliminate most restrictive covenants from its existing debt, but the move sparked investor concern over significant equity dilution, reflecting ongoing challenges in the plant-based food market and skepticism about the company’s path to profitability.

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