Steakholder Foods ( (STKH) ) has shared an update.
On February 27, 2025, Steakholder Foods announced a private placement agreement with Alumni Capital LP, involving the sale of 985,028 American Depositary Shares (ADS) and warrants, expected to raise approximately $1.25 million for the company. Additionally, they established an $8 million equity line of credit (ELOC) with Alumni Capital, providing a flexible funding mechanism to support strategic growth while minimizing shareholder dilution. These agreements are seen as significant steps in Steakholder Foods’ growth strategy, offering financial stability and strategic flexibility.
More about Steakholder Foods
Steakholder Foods is a pioneering company in the alternative protein industry, specializing in 3D-printing production machines and proprietary premix blends. Founded in 2019, the company focuses on creating sustainable and high-quality alternatives to traditional meat and seafood, with a particular emphasis on replicating the textures of beef, fish, shrimp, and eel. They are also exploring the integration of cultivated cells for future food technology advancements.
YTD Price Performance: -11.90%
Average Trading Volume: 35,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.18M
For a thorough assessment of STKH stock, go to TipRanks’ Stock Analysis page.