BEYOND MEAT, INC.

Beyond Meat, Inc. announced its Board of Directors selected a 1-for-30 reverse stock split, effective August 13, 2026, with split-adjusted trading beginning August 14, 2026. This action is intended to help the company regain compliance with Nasdaq's minimum bid price requirement. Concurrently, the number of authorized common shares will be reduced from 3 billion to 100 million, and total authorized shares from 3.0005 billion to 100.5 million.

Beyond Meat, Inc. entered into a Second Supplemental Indenture on August 10, 2026, amending its 2030 Notes Indenture. This amendment removes certain restrictions on the company's ability to repurchase or exchange its outstanding 0% Convertible Senior Notes due 2027 for cash and/or equity consideration. Additionally, it extends the end date of the make-whole period for calculating interest make-whole adjustments on 2030 Notes conversions from October 15, 2028, to January 15, 2029.

Beyond Meat reported a net income of $16.4 million for the second quarter ended June 27, 2026, a significant improvement from a net loss of $31.8 million in the prior year, primarily due to a $57.7 million gain on debt extinguishment. Despite the net income, net revenues for the quarter decreased to $68.8 million from $75.0 million, and gross profit also declined. The company also converted a portion of its 2030 Notes into common stock, leading to significant share dilution and a positive shift in stockholders' equity.

Beyond Meat reported Q2 2026 financial results, with net income reaching $16.4 million, a significant improvement from a net loss of $(31.8) million in the prior year, primarily driven by a $57.7 million non-cash gain on debt extinguishment. Net revenues decreased 8.2% year-over-year to $68.8 million, impacted by lower sales volume in U.S. channels, though international retail saw growth. The company provided Q3 2026 net revenue guidance of $60 million to $65 million.

Beyond Meat, Inc. announced the appointment of Brijesh Krishnaswamy as its new Chief Operating Officer, effective part-time on August 24, 2026, and full-time on September 30, 2026. Mr. Krishnaswamy brings extensive experience from ofi (Olam Food Ingredients) and will receive a full-time base salary of $550,000, a 60% target bonus, and $1,200,000 in equity awards. Additionally, the company appointed its founder, Ethan Brown, to the board of directors as a Class III director.

Beyond Meat, Inc. announced it will report its second quarter financial results for the period ended June 27, 2026, on Wednesday, August 5, 2026, after market close. The company will host a conference call to discuss these results at 5:00 p.m. Eastern Time. A live webcast of the call will also be available on the Investor Relations section of its website.

Beyond Meat, Inc. announced it is engaged in private discussions with certain holders of its 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 to amend the indenture governing these notes. The proposed amendments would remove restrictions on the company's ability to repurchase or exchange its 0% Convertible Senior Notes due 2027 and extend the make-whole period for the 2030 Notes. These changes are contingent upon obtaining consent from a majority of the 2030 Notes holders, and there is no guarantee that such consents will be secured or that the supplemental indenture will be finalized.

Beyond Meat announced the expansion of its Beyond Steak Filet to Meijer stores this month, following successful launches at Wegmans and H-E-B. The product has been the top-selling item on the company's direct-to-consumer site since its debut in October 2025, receiving positive consumer feedback. Beyond Steak Filet offers 28g of plant protein, 3g of fiber, and 1g of saturated fat per serving, made with mycelium and avocado oil, and is Clean Label Project Certified.

Beyond Meat, Inc. announced the retail launch of its Beyond Steak Filet at Wegmans and H-E-B. This product previously became the #1 selling item on the brand's direct-to-consumer site since its October 2025 debut, receiving positive feedback for its taste, texture, and nutritional profile. The plant-based filet contains 28g of protein, 3g of fiber, and 1g of saturated fat per serving, and is made with mycelium and avocado oil.

Beyond Meat, Inc. entered into warrant agreements with Big Geyser, Inc. in connection with a distribution agreement signed on April 15, 2026. These warrants grant Big Geyser the right to purchase up to an aggregate of 4,166,667 shares of Beyond Meat's common stock, representing 0.8% of outstanding shares as of June 22, 2026. The warrants are divided into two tranches with different exercise prices and terms, aiming to incentivize Big Geyser's sales and distribution efforts.