OTC-BB:MTTCF

Steakholder Foods Announces ADS Ratio Adjustment

Retrieved on: 
Monday, April 1, 2024
Meat, CUSIP, American depositary receipt, ADS, Eye

The adjustment will change the current ratio from one (1) ADS representing ten (10) ordinary shares to a new ratio of one (1) ADS representing one hundred (100) ordinary shares, effective on April 4, 2024.

Key Points: 
  • The adjustment will change the current ratio from one (1) ADS representing ten (10) ordinary shares to a new ratio of one (1) ADS representing one hundred (100) ordinary shares, effective on April 4, 2024.
  • Steakholder Foods' ADSs will continue to be traded on the Nasdaq Capital Market under the ticker "STKH," with an updated CUSIP Number of 583435201.
  • The Bank of New York Mellon, serving as the depositary bank for Steakholder Foods' ADS program, will arrange for the exchange of every ten (10) existing ADSs held for one (1) new ADS on the effective date.
  • Arik Kaufman, CEO of Steakholder Foods, commented: "Our aim is to make Steakholder Foods' shares more attractive to a broader range of potential institutional and retail investors with an eye toward lower volatility, better liquidity, and upholding Nasdaq's continued listing requirements."

Steakholder Foods Ltd. Announces Exercise of Warrants for Approximately $6.6 Million in Gross Proceeds

Retrieved on: 
Thursday, January 25, 2024
Form, Sale, ADS, Exercise, American depositary receipt, Security (finance)

The ADSs representing ordinary shares issuable upon exercise of warrants into 7,857,143 ADSs are registered pursuant to effective registration statements on Form F-1 (File No.

Key Points: 
  • The ADSs representing ordinary shares issuable upon exercise of warrants into 7,857,143 ADSs are registered pursuant to effective registration statements on Form F-1 (File No.
  • In consideration for the immediate exercise of the warrants for cash, Steakholder Foods will issue new unregistered warrants to purchase up to 28,714,286 ADSs.
  • The gross proceeds to Steakholder Foods from the exercise of the warrants are expected to be approximately $6.6 million, prior to deducting placement agent fees and offering expenses.
  • Steakholder Foods has agreed to file a registration statement with the SEC covering the resale of the ADSs issuable upon exercise of the new warrants and the restricted ADSs.

Steakholder Foods® Initiates Life-Cycle Assessment (LCA) Process for its 3D Bioprinter, Supported by Government Grant

Retrieved on: 
Wednesday, November 29, 2023
3D, Life-cycle assessment, Government, LCA, ESG

The LCA, which is directly aligned with the Company's strategic objective of advancing its 3D printing technology towards commercialization, is being subsidized as part of a government plan to assist manufacturing plants in both cost savings and sustainability efforts.

Key Points: 
  • The LCA, which is directly aligned with the Company's strategic objective of advancing its 3D printing technology towards commercialization, is being subsidized as part of a government plan to assist manufacturing plants in both cost savings and sustainability efforts.
  • As a company committed to innovation and sustainability, Steakholder Foods consistently seeks opportunities to enhance its processes.
  • The LCA process is designed to result in a comprehensive plan aimed at streamlining operations, increasing productivity, and optimizing production processes.
  • Avraham Hampel, VP Corporate Development, stated, "The LCA is the first step in Steakholder Foods' two-pronged approach to sustainability and ESG considerations, aiming for compliance in an evolving regulatory landscape, while improving process efficiency at all stages of production of our novel 3D bioprinting products."

Steakholder Foods® Announces Receipt of Nasdaq Minimum Bid Price Notification

Retrieved on: 
Tuesday, October 31, 2023
American depositary receipt, Calendar, Letter, Auction

REHOVOT, Israel, Oct. 31, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company at the forefront of the cultivated meat industry, today announced that it has received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

Key Points: 
  • REHOVOT, Israel, Oct. 31, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company at the forefront of the cultivated meat industry, today announced that it has received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
  • The letter, which has no immediate effect on the Company's Nasdaq listing or the trading of its American Depositary Shares (ADSs), states that the Company has a compliance period of 180 calendar days (until April 29, 2024) to regain compliance with the minimum bid price requirement.
  • The Company intends to monitor the closing bid price of its ADSs to allow a reasonable period for the price to rebound from its recent decline, while also considering its available options to regain compliance, including changing the ratio between its ADSs and ordinary shares.
  • If the Company cannot demonstrate compliance by the end of the 180-day period, the Nasdaq's staff will notify the Company that its ordinary shares are subject to delisting.

Steakholder Foods® Shares a Message of Resilience, Commitment and Progress from CEO, Arik Kaufman

Retrieved on: 
Friday, October 20, 2023
3D, Health, Hope, Orientation, Trust, Partnership, Eye, Letter, 3D printing

REHOVOT, Israel, Oct. 20, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company at the forefront of the cultivated meat industry, shares a letter from CEO, Arik Kaufman - a message of resilience, commitment and progress:

Key Points: 
  • The horrific loss and ongoing unrest have touched our hearts, and our condolences continue to go out to every family impacted.
  • Israel has always been a source of initiative, hope and innovation, and we continue to draw strength from our heritage and commitment to the values we uphold.
  • In this light, I wanted to personally reach out to assure you of Steakholder Foods' undaunted resilience and tenacity.
  • In the face of 2023's external challenges, Steakholder Foods is unwavering in its pursuit of excellence and innovation.

Steakholder Foods® 3D Bio-Prints First Ready-to-Cook Cultivated Grouper Fish

Retrieved on: 
Monday, April 24, 2023
Taste, Partnership, Printing, 3D, 3D bioprinting, Seafood, Fish products, Republic, Diplomatic mission, Meat, Food security, Environment, Mouth, Fishing, 3D printing, Umami

REHOVOT, Israel, April 24, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ: STKH), an international deep tech food company at the forefront of the cultivated meat industry, announced that it has successfully printed the first ready-to-cook cultivated grouper fish product. As part of the strategic partnership between the two companies, Steakholder Foods customized its bio-inks utilizing grouper cells provided by Umami Meats Pte Ltd.

Key Points: 
  • Steakholder Foods 3D bio-printed the world's first cultivated fish fillet:
    The Company has reached a significant milestone by successfully customizing bio-inks utilizing grouper cells provided by Umami Meats' to print a cultivated grouper product – a significant step towards the commercialization of its 3D bioprinter.
  • REHOVOT, Israel, April 24, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ: STKH), an international deep tech food company at the forefront of the cultivated meat industry, announced that it has successfully printed the first ready-to-cook cultivated grouper fish product.
  • The tasting included a "grouper fish chef's table", with piscine delicacies prepared by the Company's chef, Moran Lidor, including Singaporean-style and Israeli-style signature fish dishes.
  • The 3D fish printing represents a successful and meaningful milestone in the partnership between Umami Meats and Steakholder Foods.

Steakholder Foods® 3D Bio-Prints First Ready-to-Cook Cultivated Grouper Fish

Retrieved on: 
Monday, April 24, 2023
Taste, Partnership, Printing, 3D, 3D bioprinting, Seafood, Fish products, Republic, Diplomatic mission, Meat, Food security, Environment, Mouth, Fishing, 3D printing, Umami

REHOVOT, Israel, April 24, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ: STKH), an international deep tech food company at the forefront of the cultivated meat industry, announced that it has successfully printed the first ready-to-cook cultivated grouper fish product. As part of the strategic partnership between the two companies, Steakholder Foods customized its bio-inks utilizing grouper cells provided by Umami Meats Pte Ltd.

Key Points: 
  • Steakholder Foods 3D bio-printed the world's first cultivated fish fillet:
    The Company has reached a significant milestone by successfully customizing bio-inks utilizing grouper cells provided by Umami Meats' to print a cultivated grouper product – a significant step towards the commercialization of its 3D bioprinter.
  • REHOVOT, Israel, April 24, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ: STKH), an international deep tech food company at the forefront of the cultivated meat industry, announced that it has successfully printed the first ready-to-cook cultivated grouper fish product.
  • The tasting included a "grouper fish chef's table", with piscine delicacies prepared by the Company's chef, Moran Lidor, including Singaporean-style and Israeli-style signature fish dishes.
  • The 3D fish printing represents a successful and meaningful milestone in the partnership between Umami Meats and Steakholder Foods.

Israeli Prime Minister Visits Steakholder Foods® to Experience Cutting-Edge 3D Printing Technology and Taste Structured Cultivated Slaughter-Free Meat

Retrieved on: 
Thursday, April 20, 2023
Honey, Taste, Strauss Group, Business development, Food, Government, Benjamin Netanyahu, Animal rights, Ministry, Israel Innovation Authority, Cattle, Ministry of Health (Italy), Meat, 3D printing, Tourism, Animal husbandry, Management, Convenience food, Science

REHOVOT, Israel, April 20, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep tech food company at the forefront of the cultivated meat industry, announced that it was proud to host the Prime Minister of Israel, Mr. Benjamin Netanyahu, who explored the latest advancements in cultivated meat and 3D bio-printing, and tasted 3D-printed cultivated fish and meat products at the cutting edge of foodtech.

Key Points: 
  • As Israel continues to lead the way in foodtech innovation, Prime Minister Benjamin Netanyahu takes a firsthand look at the latest developments in Steakholder Foods and the foodtech industry:
    Became first Prime Minister to ever taste 3D-printed cultivated fish.
  • Experienced a demo of Steakholder Foods' industrial printer, printing a customized steak and fish fillet.
  • During his visit, the Prime Minister had the opportunity to tour the company's facilities, see firsthand how Steakholder Foods' industrial-scale 3D bio-printer works, and learn about its potential to print tons of cultivated meat per day.
  • He then tasted a 3D-printed cultivated fish fillet, printed with Steakholder Foods' customized bio-inks using Umami Meats' fish cells.

Steakholder Foods® To Participate in Danone-Led Strategic Investment Round in Cultured Milk Company Wilk Technologies

Retrieved on: 
Monday, April 3, 2023
Danone, Food Tech, Food industry, TASE, Bottled water, Wilk

As part of the investment, Steakholder Foods will purchase ordinary shares of Wilk in the amount of $450,000 at a 15% discount below their 45-day average closing price, giving the company a 2.5% stake in Wilk.

Key Points: 
  • As part of the investment, Steakholder Foods will purchase ordinary shares of Wilk in the amount of $450,000 at a 15% discount below their 45-day average closing price, giving the company a 2.5% stake in Wilk.
  • In parallel with this investment, Steakholder Foods aims to identify synergies with Wilk, including various types of strategic cooperation with the company surrounding Steakholder Foods' proprietary biology and printing technologies.
  • Arik Kaufman, CEO of Steakholder Foods, commented: "We're extremely excited to announce our strategic collaboration with Wilk.
  • As part of our commitment to sustainable foods solutions, we see this collaboration as another step in expanding Steakholder Foods' growing contribution to the Food-Tech ecosystem and a strategic step in the optimization of our investment and holding structure."

Steakholder Foods® Announces Strategic Restructuring Plan for Peace of Meat to Focus on a Cultivated Avian Product Launch for the Singaporean Market

Retrieved on: 
Tuesday, March 7, 2023
Singapore Food Agency, Pom, SFA, Fine chemical, Pharmaceutical industry, Risk management

REHOVOT, Israel, March 7, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), (formerly MeaTech 3D: MITC), an international deep-tech food company at the forefront of the cultivated meat industry, announces a restructuring plan for PoM aimed at supporting the submission of a cultivated avian food product for regulatory approval in Singapore, the first, and so far, only country that has completed the approvals process for the consumption of cultivated meat. As part of this plan, the company will be implementing a series of changes designed to streamline its operations and position it for success.

Key Points: 
  • As part of this plan, the company will be implementing a series of changes designed to streamline its operations and position it for success.
  • As part of PoM's new business plan for 2023, the company will focus on regulatory submissions for its avian product - finalizing a submission to the Singapore Food Agency (SFA) by the end of 2023, and preparing for submission in the USA.
  • This will enable the company to reduce overhead costs and allocate resources more effectively to support this important initiative.
  • Arik Kaufman, CEO at Steakholder Foods: "Today's announcement is an important step in our efforts to successfully launch a product in the Singaporean market.