Beyond Meat Inc on Monday said demand for its plant-based burgers and sausages s...
FILE PHOTO: Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS/Mike Blake/File Photo
The company’s shares initially traded higher after the close of regular trading, but tumbled more 10% to $199.21 when it said it will offer 3 million shares from selling stock holders and 250,000 from the company itself to raise funds to expand its manufacturing facilities that are being stretched by booming demand for its plant-based burgers and sausages.
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