Steakholder Foods (ADR)

Steakholder Foods has entered into binding agreements for a private placement of approximately $3.5 million, selling 1,750,000 ADS at $2.00 each. In addition, two warrant series (E and F) are being issued, each entitling holders to purchase up to 1,750,000 ADS at $2.00; full exercise could bring in about $7 million more. The warrants become exercisable once shareholders have approved a capital increase; series E expires 18 months after approval/registration, series F after five years. Closing is expected on August 3, 2026; H.C. Wainwright & Co. is the exclusive placement agent, and proceeds are intended for R&D, growth and working capital. » Altro su de.investing.com

Steakholder Foods will adjust the ADS ratio on July 27, 2026 from 1 ADS = 4,000 common shares to 1 ADS = 12,000 common shares, corresponding to a 1:3 reverse split. The Bank of New York Mellon will exchange three existing ADSs for one new ADS and the ADSs will continue trading on Nasdaq under the ticker STKH, but will receive the new CUSIP 583435508. ADS holders do not need to take any action; resulting fractional interests will be aggregated and the depositary will attempt to distribute the proceeds. No new ADSs will be issued. » Altro su de.investing.com

Steakholder Foods filed SEC submissions containing audited annual financial statements of Twine Solutions as of 31.12.2024 and 31.12.2023 and unaudited financial reports for the half-year ended 30.06.2025. In addition, the company provided unaudited pro-forma consolidated figures as of 30.06.2025 that present the acquisition as if it had been completed on January 1, 2024. Steakholder notes that the pro-forma data do not necessarily reflect results actually achieved or those expected in the future. » Altro su de.investing.com