NASDAQ:STKH

Steakholder Foods Reports 2023 Financial Results and Provides Business Update

Retrieved on: 
Tuesday, April 30, 2024
Net, Tuna, Memorandum of understanding, Research, DLS, Seafood, 3D, GCC, Shellfish, Salmon, Whitefish, Intellectual property, Marketing, Meat, Government, FPL, Red meat, Cryptocurrency

From forging strategic partnerships to securing substantial funding and making groundbreaking advancements in technology and intellectual property, 2023 has been a year of immense progress for Steakholder Foods.

Key Points: 
  • From forging strategic partnerships to securing substantial funding and making groundbreaking advancements in technology and intellectual property, 2023 has been a year of immense progress for Steakholder Foods.
  • Throughout 2023, Steakholder Foods achieved significant milestones and business highlights that underscore its leadership in the alternative protein industry.
  • Steakholder Foods signed a strategic agreement with a GCC governmental body, marking a significant milestone in international partnerships and expansion efforts.
  • In early 2024, Steakholder Foods signed an MoU with Wyler Farm, Israel largest tofu producer and one of its leading alternative protein producers.

Steakholder Foods Welcomes Michal Ansky as Culinary Director and Special Strategic Consultant

Retrieved on: 
Friday, April 26, 2024
AH7, AH6, Creativity, AH4, Michal, Television, Tel Aviv Port, 3D, Farmer, MasterChef Israel, 3D printing

Michal will serve as a consultant, bringing her extensive expertise in culinary excellence and collaboration to further enhance our offerings as we move towards commercialization and expansion.

Key Points: 
  • Michal will serve as a consultant, bringing her extensive expertise in culinary excellence and collaboration to further enhance our offerings as we move towards commercialization and expansion.
  • Michal Ansky is a distinguished gastronome and visionary, renowned for her pioneering work establishing Tel Aviv's farmers' market and the indoor market at Tel Aviv Port[AH1] .
  • Arik Kaufman, CEO of Steakholder Foods said: "Steakholder Foods is thrilled to welcome Michal Ansky to our team.
  • Michal Ansky shared her enthusiasm about joining Steakholder Foods, stating: "I am excited to collaborate with Steakholder Foods to create sustainable and delicious plant-based alternatives[AH7] .

Steakholder Foods Regains Compliance With Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Friday, April 19, 2024
Meat, American depositary receipt

REHOVOT, Israel, April 19, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • REHOVOT, Israel, April 19, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
  • The Company had previously announced on October 31, 2023, that it was notified by Nasdaq that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below $1.00 for more than 30 consecutive business days.
  • On April 18, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from April 4, 2024 to April 17, 2024, the closing bid price of the ADSs was $1.00 or greater, that the Company has hence regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.

Steakholder Foods Brings Sustainable Innovation to the U.S. with 3D-Printed Plant-Based Delicacies

Retrieved on: 
Wednesday, April 3, 2024
Health, Meat, Food technology, Red meat, FPL, 3D, Food, Seafood, DLS, Food safety, FSMA

REHOVOT, Israel, April 3, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), is excited to announce its innovative SHMeat and SHFish blends, designed for 3D-printing exquisite plant-based fish and steak alternatives.

Key Points: 
  • Fused Paste Layering (FPL): Used for meat production, ensuring that the fibrous texture of meat is accurately replicated in the plant-based products.
  • As Steakholder Foods makes its mark in the U.S. market, we are actively seeking partnerships with like-minded companies and producers.
  • Together, we can lead the charge in the food industry's evolution, offering consumers innovative, sustainable, and ethical food choices.
  • Our advanced 3D printing technologies are not just a testament to innovation but also a commitment to sustainability and health.

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 Receives Initial SIIRD Grant Payment

Retrieved on: 
Tuesday, March 12, 2024
Meat, White, DLS, IUCN, USD

REHOVOT, Israel, March 12, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a first-phase payment of USD 220,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD), out of a maximum USD 1,000,000 for the Company from SIIRD.

Key Points: 
  • Based on the successful development of 3D-printed hybrid grouper fish, Steakholder Foods has received an initial amount of $220,000 out of a $1,000,000 grant
    REHOVOT, Israel, March 12, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a first-phase payment of USD 220,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD), out of a maximum USD 1,000,000 for the Company from SIIRD.
  • Steakholder Foods has successfully 3D-printed hybrid fish that are comprised of Steakholder Foods' SHFish – White Fish™ plant-based raw material formulation, and cultivated grouper cells provided by Umami Bioworks and printed by Steakholder Foods' Drop Location in Space (DLS)™ printing technology.
  • Building on this success, Steakholder Foods intends to continue its innovative work under the SIIRD grant, including focusing on the development of a previously announced Japanese eel product.
  • Arik Kaufman, CEO of Steakholder Foods, said: "We believe that our initial SIIRD grant payment is indicative of non-dilutive funding sources that we hope to make available to Steakholder Foods in the foreseeable future, as our technologies continue to reach more advanced TRLs."

Steakholder Foods Announces First Private Sector Commercialization Deal Valued at Several Million Dollars

Retrieved on: 
Monday, February 5, 2024
Partnership, 3D, Private sector, Fusion, Business development, Food industry, Farm, MOU, 3D printing

REHOVOT, Israel, Feb. 5, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in cultivated meat and 3D printing technology, announced its inaugural commercial MOU in the private sector with Wyler Farms, among Israel's leading alternative protein producer and premier Tofu producer. The terms of the deal involve Wyler Farms acquiring Steakholder Foods' state-of-the-art 3D Fusion Pro™ meat printer, along with a subscription to the company's SH Software™ and its NutriBlend™ ink for plant-based meat production.Top of Form

Key Points: 
  • The MOU includes expected production of a unique, plant-based 3D printed meat steak to be printed by Wyler Farms using Steakholder Foods proprietary printers and NutriBlend™ ink.
  • The collaboration, valued at several million US dollars over the coming years, represents a truly significant development in the plant-based meat industry (see future-looking statement below).
  • Yair Ayalon, Vice President of Business Development of Steakholder Foods, said: "This collaboration with Wyler Farm, one of the leading alternative protein producers, solidifies and enhances Steakholder Foods' commercial phase.
  • We are thrilled to expand our portfolio with premium plant-based steak and anticipate introducing additional premium products based on Steakholder Foods' technology.

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 Adds Plant-Based Shrimps to Expanding Range of 3D-Printed Seafood and Analogues

Retrieved on: 
Monday, January 22, 2024
Analog, Environment, Aquaculture

REHOVOT, Israel, Jan. 22, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a leader in cultivated meat and 3D bioprinting technology, is excited to announce that it has further expanded its 3D-printing capabilities with the world's first plant-based, 3D-printed shrimps, expertly designed to mimic the authentic texture and flavor of conventional shrimps. The shrimps were precision-printed on Steakholder Foods' proprietary DropJet printer, designed for fish and seafood printing, using shrimp-flavored ink developed by Steakholder Foods' food technology team. It is the latest addition to the Company's portfolio of printed seafood products to be offered to potential customers, on a plant (analogue) or potentially hybrid (combination plant and cultivated) basis, as economies of scale develop to enable price-competitive cell development.

Key Points: 
  • The shrimps were precision-printed on Steakholder Foods' proprietary DropJet printer, designed for fish and seafood printing, using shrimp-flavored ink developed by Steakholder Foods' food technology team.
  • The shrimp market is worth more than USD 60 billion, and is projected to continue growing substantially over the coming decade.
  • With 7.6 million tons of shrimp harvested in 2023, Steakholder Foods' heavy-duty production printing solution aims to provide partners and customers with the means to meet growing demand through high-volume, efficient, and sustainable production, offering a practical and environmentally-friendly alternative to traditional shrimp farming.
  • Arik Kaufman, CEO of Steakholder Foods, said: "By unveiling a second new species of plant-based, 3D-printed seafood this month, we expect to position Steakholder Foods to sell and deliver its first DropJet printer in 2024, offering partners and customers a unique opportunity to benefit from the expanding global seafood market, while making the right kind of impact on the environment."

Feasibility Report Confirms Regulatory Path in UAE for Steakholder Foods® 3D-Printed, Plant-Based Products

Retrieved on: 
Wednesday, January 3, 2024
Food security, GRAS, 3D, Food, Human, 3D printing

REHOVOT, Israel, Jan. 3, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in three-dimensional meat and fish printing technology and cultivated cell innovation, announced today that it has received a feasibility report from the Mérieux NutriSciences group with regard to its proprietary, plant-based, 3D-printed whitefish and steak, concluding that the products' raw materials are permitted for use in plant-based substitutes or Generally Recognized as Safe (GRAS), and hence should be considered to be safe for use in the United Arab Emirates, a pioneer in the field of food security where Steakholder Foods intends to construct a large-scale production facility.

Key Points: 
  • In addition to the status of the Company's ingredients, the report found that as the 3D-printing process does not change the structure or composition of the materials used, the resulting product is unlikely to be classed as a novel food (a food not historically consumed by humans, such as food developed by innovative technologies) but should rather be subject to a conventional approval process.
  • Arik Kaufman, Steakholder Foods' CEO, stated, "While our cultivated and hybrid offerings are expected to be classified as novel foods, we expect that our initial plant-based, 3D-printed products will obtain regulatory approval on a more conventional and expedited basis.
  • We plan to engage with UAE regulatory authorities for approval in conjunction with our planned first-of-its-kind large-scale production facility in the Persian Gulf region, with a view to commercializing our first products while expanding regulatory approval and commercialization across the globe."
  • In parallel to commencing work on the Gulf production facility, Steakholder Foods is working on executing revenue-general commercialization agreements in additional regions in 2024.