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Steakholder Foods Ltd. reports developments tied to its alternative-protein production technology and its Nasdaq-listed American depositary shares. The company develops and sells 3D-printing production machines supported by proprietary premix blends for structured meat and seafood alternatives, including applications that replicate textures such as beef steak, white fish, shrimp and eel.
Recurring news themes include intellectual-property updates for the HD144 fish printer and DLS® drop-on-demand printing technology, commercialization and collaboration activity, shareholder voting matters, ADS ratio and capital-structure actions, and governance updates. Following the completed acquisition of Twine Solutions Ltd., company disclosures also include digital thread and yarn dyeing systems and related textile-technology activity.
Steakholder Foods (Nasdaq: STKH) has launched its first plant-based fish products in Israeli retail markets. The company's white fish kebabs and salmon patties, marketed under the brand name Green Future (Atid Yarok), are now available at leading vegan specialty stores.
The products are manufactured by Steakholder's partner Bondor Foods, following successful pilot testing and commercial scale-up. This launch represents Steakholder's first complete product cycle revenue stream, from premix supply to consumer sales, building upon an initial purchase order from September 30, 2024.
Steakholder Foods (Nasdaq: STKH), a 3D-printed meat and fish technology innovator, has announced an adjustment to its American Depositary Shares (ADSs) ratio. The company will change its current ratio from 1 ADS representing 100 ordinary shares to 1 ADS representing 500 ordinary shares, effective April 28, 2025.
This adjustment will function as a one-for-five reverse ADS split. The company's ADSs will continue trading on the Nasdaq Capital Market under 'STKH' with a new CUSIP Number of 583435300. The Bank of New York Mellon, the depositary bank, will manage the exchange process, with holders receiving 1 new ADS for every 5 existing ADSs. Any fractional shares will be sold, with proceeds distributed to ADS holders.
Steakholder Foods (STKH) reported its 2024 financial results, marking its first year of revenue generation with $10,000 in initial sales. The company secured commercial agreements with Bondor Foods for fish premix blends and Wyler Farm for beef premix products.
Financial highlights include:
- Net loss decreased to $8.5M from $15.5M in 2023
- R&D expenses reduced to $3.5M from $7.1M
- Marketing expenses decreased to $1.4M from $2.7M
- G&A expenses dropped to $3.6M from $4.4M
- Cash and equivalents at year-end were $1.3M vs $4.2M in 2023
The company opened its first full-scale Demonstration Center showcasing 3D printing technologies and secured $1.25M through a securities purchase agreement in February 2025, along with an $8M equity line of credit through June 2026.
Steakholder Foods (STKH) has secured two significant funding arrangements: a $1.25 million private placement and an $8 million equity line of credit (ELOC) with technology investor Alumni Capital LP.
The private placement involves 985,028 American Depositary Shares (ADSs) at $1.269 per ADS, along with warrants to purchase an additional 985,028 ADSs at $2.00 each, exercisable for five years. The closing is expected on February 28, 2025.
The ELOC agreement provides flexible funding with controlled timing and amount of equity sales to minimize shareholder dilution. The company plans to use the proceeds as working capital for general corporate purposes. Both agreements require SEC registration for resale of the ADSs.
Steakholder Foods (Nasdaq: STKH) has received its third payment of $250,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD), bringing the total received to $740,000 out of a $1,000,000 grant. The payments are tied to the company's development of 3D-printed plant-based fish and eel products.
The first installment was received in March 2024 following successful production of 3D-printed hybrid fish using their Printer HD144 and Drop Location in Space (DLS)™ technologies. The second payment came in November 2024 after creating plant-based 3D-printed fish and eel. The third payment reflects progress in eel texture and flavor development, including model planning, material development, and premix formulation.
Steakholder Foods (NASDAQ: STKH) shared a CEO letter highlighting key achievements and strategic initiatives for 2025. The company secured its first purchase orders from Bondor Foods for SH™ – Fish premix blends and from Wyler Farm for SH™ – Beef premix blend, leading to the 'Whaat Meat?! by Steakholder' product line launch.
The company received three awards at the Plant-Based World Expo in London, opened its first full-scale Demonstration Center, and established strategic partnerships with UMAMI Bioworks in Singapore and Vegefarm Co. in Taiwan. The company is focusing on U.S. market entry, appointing Saar Bracha to lead this initiative and engaging Nexum Group for strategic consulting.
On the R&D front, Steakholder Foods received USD 490,000 in SIIRD grant funding for 3D-printed hybrid fish innovation and continues advancing its Drop Location in Space (DLS) and Fused Paste Layering (FPL) technologies.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins production and 3D printing technologies, announced that CEO Arik Kaufman will present at the 27th Annual ICR Conference.
The event will take place from January 13-15, 2025, in Orlando, FL. The corporate presentation is scheduled for January 13, 2025, at 9:00 AM ET. Additionally, 1x1 meetings will be held on Monday, January 13th, and Tuesday, January 14th, 2025.
Steakholder Foods (Nasdaq: STKH) has signed a Memorandum of Understanding with Vegefarm, a Taiwanese food company, for the sale of its MX200 3D printer and raw materials. The agreement focuses on adapting Steakholder's 3D-printed plant-based Marbled Beef Steak for the Asian market. The deal includes providing Vegefarm with the MX200 printer, powered by Fused Paste Layering (FPL™) technology, along with plant-based premixes.
The Industrial Technology Research Institute (ITRI) will support product adaptation for the Taiwanese market, while Vegefarm will manage commercialization, production, and distribution leveraging its established market presence.
UMAMI Bioworks and Steakholder Foods (NASDAQ: STKH) have announced the successful completion of their two-year R&D collaboration for producing 3D-printed cultivated fish products. The partnership, funded by the Singapore-Israel Industrial R&D grant, has demonstrated the feasibility of scalable production of premium fish fillets using 3D printing technology. The companies will now partner with Singapore's National Additive Manufacturing Innovation Cluster (NAMIC) to commercialize their seafood products. The collaboration aims to create sustainable seafood alternatives that maintain quality while protecting marine biodiversity, supporting Singapore's '30 by 30' food resilience goal.