Beyond Meat (BYND) Stock: Sinks 21% as Nasdaq Reverse Split Nears
TLDR
- Beyond Meat stock falls 21% as its 1-for-30 reverse split approaches Nasdaq
- BYND shares slide as Beyond Meat moves ahead with a 1-for-30 reverse stock split
- Beyond Meat targets Nasdaq compliance with a reverse split effective August 13
- BYND will trade on a split-adjusted basis from August 14 under the same ticker
- Beyond Meat cuts authorized common shares to 100 million alongside reverse split
Beyond Meat (BYND) stock fell sharply Tuesday as traders reacted to the company’s planned 1-for-30 reverse stock split. BYND traded at $0.4101, down 21.14%, after heavy selling pushed the shares near their intraday lows during the session. The split will take effect this week as Beyond Meat works to preserve its Nasdaq Global Select Market listing status.
Beyond Meat Sets 1-for-30 Reverse Stock Split
Beyond Meat’s board selected a 1-for-30 ratio from thirty alternatives that shareholders previously approved at a special company meeting. The company plans to make the reverse stock split effective at 11:59 p.m. Eastern Time on August 13, 2026. Split-adjusted trading should begin at the Nasdaq market open on August 14 under the company’s existing BYND trading symbol.
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