Steakholder Foods Ltd. Sells ADSs to Alumni Capital, LP
Ticker: MTTCF · Form: 6-K · Filed: Feb 28, 2025 · CIK: 1828098
| Field | Detail |
|---|---|
| Company | Steakholder Foods LTD. (MTTCF) |
| Form Type | 6-K |
| Filed Date | Feb 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-offering, financing, company-update
TL;DR
Steakholder Foods raises cash by selling 192,660 ADSs to Alumni Capital, LP.
AI Summary
On February 27, 2025, Steakholder Foods Ltd. entered into a share purchase agreement with Alumni Capital, LP. Under this agreement, Alumni Capital, LP will purchase 192,660 American Depositary Shares (ADS) from the Company. The Company plans to use the net proceeds from this offering for general corporate purposes.
Why It Matters
This transaction provides Steakholder Foods with capital, potentially for operational expansion or research and development in the food technology sector.
Risk Assessment
Risk Level: medium — The company is issuing new shares, which could dilute existing shareholders, and the use of proceeds is general, offering less specific insight into immediate growth drivers.
Key Numbers
- 192,660 — ADS Purchased (Number of American Depositary Shares being sold to Alumni Capital, LP.)
Key Players & Entities
- Steakholder Foods Ltd. (company) — Filer of the report and seller of shares
- Alumni Capital, LP (company) — Purchaser of shares
- February 27, 2025 (date) — Date of the share purchase agreement
- 192,660 (dollar_amount) — Number of American Depositary Shares to be purchased
FAQ
What is the total value of the share purchase agreement?
The filing does not specify the price per ADS or the total value of the share purchase agreement, only the number of ADSs to be purchased.
What are the specific general corporate purposes for the net proceeds?
The filing states the net proceeds will be used for 'general corporate purposes' but does not provide further specifics.
What is the ticker symbol for Steakholder Foods Ltd.?
The filing does not explicitly state the ticker symbol, but the SEC file number is 001-40173.
When was Steakholder Foods Ltd. formerly known as MeaTech 3D Ltd.?
The company changed its name from MeaTech 3D Ltd. on February 24, 2021.
Is this a Form 20-F or Form 40-F filing?
This is a Form 6-K filing, and the company indicates it files annual reports under Form 20-F.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on February 28, 2025 regarding Steakholder Foods Ltd. (MTTCF).