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Steakholder Foods Ltd. (NASDAQ:STKH) ("Steakholder Foods" or the "Company"), a leading innovator in alternative proteins and 3D printing technologies, today announced the entry into the definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 297,618 of the Company's American Depository Shares ("ADSs"), each representing four thousand (4000) ordinary shares of the Company, originally issued by the Company on July 17, 2025, each having an original exercise price of $8.40 per ADS, at a reduced exercise price of $5.00 per ADS. In addition, the Company will issue new warrants, as described below. The closing of the warrant exercise transaction is expected to occur on or about October 1, 2025, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the transaction.
The aggregate gross proceeds to the Company from the exercise of the existing warrants are expected to be approximately $1.5 million before deducting the placement agent's fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the new warrants, if fully exercised on a cash basis, will be approximately $4.5 million. No assurance can be given that any of the new warrants will be exercised. The Company intends to use the net proceeds from this offering for additional working capital, for funding the growth of its business, including for the re-purchase of its securities and for general corporate purposes.
Posted In: STKH
