Shares of Beyond Meat Inc (NASDAQ:BYND) continue to move lower on Tuesday. The downward momentum follows a volatile Monday that saw the stock plummet over 40% following the announcement of a major debt restructuring plan.
What To Know: The plant-based meat producer is looking to exchange over $800 million in 0% convertible senior notes due in 2027 for new 7.00% convertible senior second lien PIK toggle notes due in 2030, in a move that would also issue up to 326.2 million new shares of common stock.
