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Steakholder Foods Ltd (STKH) pioneers sustainable protein solutions through advanced 3D bioprinting technology, creating plant-based and cultivated meat alternatives that replicate traditional textures. This hub provides investors and industry observers with essential updates on the company's technological advancements, market strategies, and regulatory milestones.
Discover official press releases covering product innovations like the MX200 printer's FPL™ layering system, partnership announcements with food manufacturers, and progress in cellular agriculture research. Our curated news collection enables efficient tracking of STKH's commercial deployments and scientific breakthroughs in alternative protein production.
Key content categories include earnings reports, equipment launches, premix blend developments, and sustainability initiatives. Bookmark this page for real-time updates on how STKH's 3D printing solutions address global demand for ethical food production while maintaining operational scalability for manufacturers.
Steakholder Foods Ltd. (Nasdaq: STKH) has completed an underwritten public offering of 6,500,000 ADSs at $1.00 each, raising gross proceeds of $6.5 million. This offering includes warrants exercisable at the same price, valid for five years. The underwriters have a 45-day option to purchase an additional 975,000 ADSs. Proceeds will be used for general corporate purposes. Moreover, the company modified existing warrants from a $3.50 exercise price to $1.00, extending their terms to January 10, 2028.
Steakholder Foods Ltd. (Nasdaq: STKH) announced a public offering of 6,500,000 American Depositary Shares (ADSs) at $1.00 each, aiming to raise $6.5 million. The offering includes warrants for additional ADSs and is expected to close around January 10, 2023, pending customary conditions. The company will utilize the proceeds for general corporate purposes and is also reducing the exercise price of existing warrants from $3.50 to $1.00. This initiative is part of Steakholder's efforts to enhance its position in the cultivated meat sector.
Steakholder Foods (Nasdaq: STKH) has received its first grant for developing 3D-printed eel and grouper products in collaboration with Umami Meats. Funded by the Singapore Israel Industrial R&D Foundation, this initiative marks a significant step in the company’s commercialization strategy for 2023. The project will utilize Steakholder's proprietary 3D bio-printing technology to create structured cultivated fish products, with the first prototype expected by Q1 2023. This partnership leverages regulatory approval in Singapore for cultivated meat.
Steakholder Foods Ltd. (Nasdaq: STKH) recently shared a letter from CEO Arik Kaufman, summarizing its 2022 achievements and outlining plans for 2023. Despite market challenges, the company made significant strides in 3D bio-printing and secured partnerships, including one with Umami Meats for 3D-printed fish. The company plans to enhance its technology and pursue FDA and USDA approvals for its products in the US and Singapore. A key highlight was the introduction of Omakase Beef Morsels, a breakthrough in cultivated meat. Steakholder Foods aims to commercialize its tech effectively in 2023.
Steakholder Foods Ltd. (Nasdaq: STKH) announced its strategic focus for 2023 on commercializing its 3D bio-printer through partnerships. The company aims to leverage interest generated from world tours showcasing its prototype to accelerate its go-to-market strategy. Key initiatives include hiring new executives in business development and marketing to facilitate collaborations. The company, committed to sustainable food production, aims to provide slaughter-free alternatives to traditional meat production.
Steakholder Foods Ltd. (Nasdaq: STKH) has developed a temperature-controlled print bed for its industrial-scale 3D printers, marking a significant advancement in the mass production of cultivated meat. This system utilizes contactless electromagnetic power alongside a wireless communication module to maintain optimal temperatures, essential for printing live cell products. CEO Arik Kaufman highlighted this achievement as crucial for scalable production. The company, committed to sustainable food solutions, continues to innovate in the cultured meat sector.
Steakholder Foods (Nasdaq: STKH) reported its Q3 2022 financial results, highlighting advancements in cultivated meat technology and increased R&D investments. The company recorded an operating loss of $4.6 million, a slight increase from $4.1 million in Q3 2021. Comprehensive loss narrowed to $3.4 million, or $0.17 per ADS, compared to $4.3 million the prior year. Cash and cash equivalents decreased to $11.2 million. Key collaborations, including a partnership with Umami Meats, and several new patents strengthen their market position, while rebranding efforts aim to attract a community of meat lovers.
On November 17, 2022, Steakholder Foods Ltd (Nasdaq: STKH) hosted its first US tasting event in San Francisco, showcasing its innovative 3D steak printing technology. Attendees sampled hybrid cultivated meat canapés, made with bovine cells from Texas cattle. CEO Arik Kaufman emphasized the event's significance in presenting their patented technology to key industry figures, especially following recent FDA movements towards cultivated meat approval. The company aims to lead in sustainable meat production, highlighting its commitment to food security and environmental goals.
Steakholder Foods Ltd. (NASDAQ: STKH) has filed a provisional US patent application for a unique method of producing cultivated fish with a flaky texture. This innovation employs proprietary 3D printing technology and custom bio-inks to create structured layers that mimic the tenderness of cooked fish. The company aims to lead in structured cultivated fish production, addressing supply shortages due to climate change and overfishing while promoting marine ecosystem conservation. CEO Arik Kaufman highlights the commitment to sustainable protein solutions.
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