Steakholder Foods Ltd., an innovator in alternative proteins based in Rehovot, Israel, has announced a significant financial move as it exercises outstanding warrants for the purchase of its American Depository Shares (ADSs). This development, disclosed on September 30, 2025, marks an important step in the company’s ongoing pursuit of growth and innovation in the food technology sector.
The company will exercise a total of 297,618 warrants originally issued on July 17, 2025. Each warrant allows the purchase of one ADS, with one ADS representing 4,000 ordinary shares. Initially priced at $8.40 per ADS, the exercise price has been reduced to $5.00. According to Steakholder Foods, the transaction is set to close around October 1, 2025, subject to customary conditions.
H.C. Wainwright & Co. is serving as the exclusive placement agent for this transaction, which is anticipated to generate approximately $1.5 million in gross proceeds before accounting for the placement agent’s fees and other related expenses. The company indicated that the new warrants could potentially yield an additional $4.5 million if fully exercised. However, there is no certainty that these new warrants will be exercised.
The anticipated proceeds will support various initiatives, including:
– Additional working capital
– Expansion of its business ventures
– Re-purchasing its own securities
– General corporate purposes
The ADSs associated with the existing warrants have been registered under an effective registration statement, providing a clear framework for stakeholders going forward.
In exchange for cash exercise of the existing warrants, Steakholder Foods will issue new unregistered Series A and Series B warrants.
– The Series A warrants will allow for the purchase of up to 297,618 ADSs, while the Series B warrants cover 595,236 ADSs.
– Both series will have an exercise price set at $5.00 per share.
– The Series A warrants can be exercised starting from the effective date of shareholder approval concerning an increase in authorized shares and will expire five years after this date. Meanwhile, the Series B warrants will become exercisable on the same shareholder approval date and will remain valid for eighteen months thereafter.
It’s important to note the new warrants are unregistered under the Securities Act of 1933 and may not be sold in the United States unless under a registered agreement or a qualifying exemption.
In its statement, Steakholder Foods clarified that this press release should not be interpreted as an offer to sell or solicit an offer to purchase any of its securities, which cannot be transacted in jurisdictions where such offers would be illegal prior to proper registration or qualification.
Founded in 2019, Steakholder Foods is pushing the boundaries of food technology, particularly in the alternative protein market. The company focuses on creating advanced 3D printing machinery that utilizes proprietary blends made from high-quality raw materials. These innovations aim to help manufacturers produce food products that meet growing consumer expectations for taste, texture, and appearance, while simultaneously providing sustainable alternatives to traditional meat and seafood production.
Steakholder Foods specializes in replicating the complex textures of various meats, including beef steaks, white fish, shrimp, and eel. The company is also exploring ways to integrate cultivated cells, signaling exciting possibilities for the future of food technology.
In connection with this announcement, Steakholder Foods included forward-looking statements regarding the potential outcomes of this warrant exercise and other future endeavors. These statements, while based on the company’s current expectations, carry inherent risks and uncertainties that could lead to divergence from projected outcomes. Specifically, factors such as market conditions, the success of technology developments, and regulatory approvals could significantly influence the actual results.
Steakholder Foods prompts investors to exercise caution when relying on forward-looking statements, as they may change with evolving market dynamics and the emergence of new risks. The company emphasizes its commitment to transparency and upholding legal standards in its communications.
For further inquiries, investors can reach out to Steakholder Foods via the provided contacts:
– Press Contact: Info@steakholderfoods.com
– Investor Contact: Investors@steakholderfoods.com
