Beyond Meat® Announces Closing of Public Offering of Common Stock
06 August 2019 - 10:26AM
Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat”), a leader in
plant-based meat, today announced the closing of its previously
announced public offering of 3,737,500 shares of its common stock
at a price to the public of $160.00 per share. Of the shares that
were offered, 250,000 were offered by Beyond Meat and the remaining
3,487,500 shares were offered by existing stockholders, including
487,500 shares sold by existing stockholders under an option
granted to the underwriters. Beyond Meat received $38.5 million in
net proceeds from the sale of shares offered by the Company.
Beyond Meat will not receive any proceeds from the sale of the
Company’s common stock by existing stockholders.
Goldman Sachs & Co. LLC, J.P. Morgan and Credit Suisse acted
as lead book-running managers for the offering. BofA Merrill Lynch
and Jefferies also acted as book-running managers, and William
Blair and Raymond James acted as co-managers for the offering.
A registration statement relating to these securities was filed
with the Securities and Exchange Commission (“SEC”) and was
declared effective on July 31, 2019. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering was made only by means of a prospectus. Copies of
the final prospectus relating to this offering may be obtained from
any of the following sources:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, NY 10282, or by telephone at (866)
471-2526, or by email at prospectus-ny@ny.email.gs.com;
- J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
telephone at 866-803-9204, or by email at
prospectus-eq_fi@jpmchase.com; and
- Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, Eleven Madison Avenue, New York, NY 10010, or by
telephone at +1 (800) 221-1037, or by email at
usa.prospectus@credit-suisse.com.
About Beyond Meat
Beyond Meat is one of the fastest growing food companies in the
United States, offering a portfolio of revolutionary plant-based
meats. Founded in 2009, Beyond Meat has a mission of building meat
directly from plants, an innovation that enables consumers to
experience the taste, texture and other sensory attributes of
popular animal-based meat products while enjoying the nutritional
and environmental benefits of eating its plant-based meat products.
Beyond Meat’s brand commitment, “Eat What You Love,” represents a
strong belief that by eating its portfolio of plant-based meats,
consumers can enjoy more, not less, of their favorite meals, and by
doing so, help address concerns related to human health, climate
change, resource conservation and animal welfare. Beyond Meat’s
portfolio of fresh and frozen plant-based proteins are sold at more
than 53,000 retail and foodservice outlets worldwide.
Visit www.BeyondMeat.com.
Forward-Looking Statements
Certain statements in this release constitute “forward-looking
statements." These statements are based on management's current
opinions, expectations, beliefs, plans, objectives, assumptions or
projections regarding future events or future results. These
forward-looking statements are only predictions, not historical
fact, and involve certain risks and uncertainties, as well as
assumptions. Actual results, levels of activity, performance,
achievements and events could differ materially from those stated,
anticipated or implied by such forward-looking statements. While
Beyond Meat believes that its assumptions are reasonable, it is
very difficult to predict the impact of known factors, and, of
course, it is impossible to anticipate all factors that could
affect actual results. There are many risks and uncertainties that
could cause actual results to differ materially from
forward-looking statements made herein as discussed herein and in
greater detail in the Company’s filings with the Securities and
Exchange Commission (“SEC”), including without limitation in its
Form 10-Q for the quarter ended June 29, 2019 and any subsequent
filings with the SEC. Such forward-looking statements are made only
as of the date of this release. Beyond Meat undertakes no
obligation to publicly update or revise any forward-looking
statement because of new information, future events or otherwise,
except as otherwise required by law. If we do update one or more
forward-looking statements, no inference should be made that we
will make additional updates with respect to those or other
forward-looking statements.
Contact:
Investors: Katie
Turner646-277-1228Katie.turner@icrinc.com |
Media:Allison
Aronoff858-735-7344aaronoff@beyondmeat.com |
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