Beyond Meat stock tanks to $1 after debt swap deal dilutes company shares
1. Beyond Meat's stock plummeted to near $1 following debt exchange deal. 2. Debt restructuring will dilute existing shares by over 300%. 3. Market cap shrank to under $80 million from $14 billion IPO valuation. 4. Analysts maintain 'Strong Sell' ratings amidst falling revenue and losses. 5. Consumer interest in plant-based meats continues to decline significantly.