BYND - Beyond Meat Stock Is Getting Cooked After The Close: What's Going On? | Benzinga
Beyond Meat Inc (NASDAQ:BYND) shares are crumbling in Wednesday’s after-hours session as investors digest a report suggesting the company’s liquidity position has weakened.
What Happened: According to a Wall Street Journal report published after the market close on Wednesday, Beyond Meat has reached out to a group of bondholders to start discussions about a potential restructuring of its balance sheet.
People familiar with the matter reportedly said the group of bondholders, which own some of Beyond Meat’s $1.1 billion of convertible notes, ...