Steakholder Foods to Raise $1.1M via $1.25 Warrant Exercise, Adds $2.2M Potential
STKH•Steakholder Foods will raise approximately $1.1 million by exercising 892,854 warrants at a reduced $1.25 per ADS, down from $5.00, in a transaction expected to close on June 1, 2026. The company will issue Series C and D warrants providing potential additional gross proceeds of $2.2 million.
1. Warrant Exercise Details
Steakholder Foods has entered into definitive agreements for the immediate exercise of 892,854 outstanding warrants at a reduced exercise price of $1.25 per American Depository Share (ADS), down from the original $5.00. Each ADS represents four thousand ordinary shares.
2. New Series C and D Warrants
As consideration for exercising existing warrants, the company will issue new unregistered Series C warrants to purchase 595,236 ADSs and Series D warrants for 1,190,472 ADSs, both exercisable immediately at $1.25 per ADS. Series C warrants expire five years after the effective date of the resale registration statement, while Series D expire eighteen months after that date.
3. Closing Timeline and Use of Proceeds
The warrant exercise is expected to close on or about June 1, 2026, generating approximately $1.1 million in gross proceeds before fees, with potential additional gross proceeds of $2.2 million if new warrants are fully exercised. Proceeds will fund working capital, business growth initiatives, share repurchases and general corporate purposes.
