Beyond Meat has announced a 1-for-30 reverse stock split of its common stock and a proportionate reduction in the number of authorised shares, aiming to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market.

In March this year, the alt-meat maker received a letter from the Nasdaq Listing Qualifications Department, warning that the company faces a delisting risk after its stocks fell below the minimum $1 per share price for 30 consecutive business days.

The company was given until 31 August 2026 to regain compliance and boost its stock prices, with common stock required to be at least $1 per share for a minimum of ten consecutive business days before this date.

The reverse stock split is expected to become effective at 11:59pm ET today (13 August 2026). Shares of the company’s common stock are expected to begin trading on a split-adjusted basis on the Nasdaq Global Select Market at market open tomorrow.

In connection with the reverse stock split, every 30 shares of common stock issued and outstanding immediately prior to the effective time will be automatically reclassified and combined into one share of common stock.

Ethan Brown, president and CEO of Beyond Meat, said: “We believe the reverse stock split is an important step toward maintaining our Nasdaq listing and better positioning our stock for long-term investor participation”.

The company, which is also known as 'Beyond The Plant Protein Company' following its diversification into functional beverages earlier this year, has been significantly impacted by market headwinds in recent years. It attributes continued declining revenues to weaker demand in the plant-based meat category and a challenging economic environment – however, Beyond reported 'directional progress' in its recent financial results statement for Q2 2026.

Though its revenues still decreased by 8.2% year-over-year in the second quarter, the figure represents a less steep decline than the 13.5% fall in revenue reported in Q1.

Brown said the company will now sharpen its focus on stabilising its core plant-based meat business, which saw growth in international retail, while continuing to reposition around Beyond The Plant Protein Company to pursue faster-growing adjacent categories.