EL SEGUNDO, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ:BYND) (the "Company" or "Beyond Meat"), a leader in plant-based meat, today announced the final tender results of its previously announced exchange offer (the "Exchange Offer") to exchange any and all of its 0% Convertible Senior Notes due 2027 (the "Existing Convertible Notes") for a pro rata portion of (i) up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (the "New Convertible Notes") and (ii) up to 326,190,370 shares of its common stock (the "New Shares" and, together with the New Convertible Notes, the "Offered Securities").

As previously announced, as of 5:00 p.m., New York City time, on October 10, 2025 (the "Early Tender Date"), $1,114,603,000 in aggregate principal amount of Existing Convertible Notes was validly tendered in the Exchange Offer and not validly withdrawn (the "Early Tendered Notes") and related consents to the Proposed Amendments (as defined below) were validly delivered and not validly withdrawn as of such time. Early settlement of Offered Securities in exchange for the Existing Convertible Notes validly tendered in the Exchange Offer and not validly withdrawn as of the Early Tender Date occurred on October 15, 2025 (the "Early Settlement Date"), and the Company entered into a supplemental indenture eliminating substantially all of the restrictive covenants in the indenture governing the Existing Convertible Notes, as well as certain events of default and related provisions applicable to the Existing Convertible Notes (the "Proposed Amendments").  

As of 5:00 p.m., New York City time, on October 28, 2025 (the "Expiration Deadline"), based on information provided by MacKenzie Partners, Inc., which is acting as the exchange agent and information agent for the Exchange Offer (the "Exchange Agent"), an additional $2,738,000 in aggregate principal amount of Existing Convertible Notes was validly tendered in the Exchange Offer and not validly withdrawn following the Early Tender Date and prior to the Expiration Deadline (the "Additional Tendered Notes"). As previously announced, holders of Existing Convertible Notes tendered following the Early Tender Date and prior to the Expiration Deadline are eligible to receive $170.8044 in aggregate principal amount of New Convertible Notes and 283.6438 New Shares for each $1,000 in aggregate principal amount of Existing Convertible Notes validly tendered. Settlement with respect to the Additional Tendered Notes is expected to occur on October 30, 2025 (the "Final Settlement Date"), the second business day immediately following the Expiration Deadline.

The following table describes the final tender results for Existing Convertible Notes tendered following the Early Tender Date and prior to the Expiration Deadline at 5:00 p.m., New York City time, on October 28, 2025, as well as the Offered Securities expected to be issued on the Final Settlement Date: