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Steakholder Foods Announces Closing of $6.5M Public Offering

Steakholder Foods, the world’s first publicly traded cultivated meat producer, has closed its public offering of 6,500,000 American Depositary Shares and warrants, raising gross proceeds of $6.5 million. These funds and a recent partnership with CULT Food Science-backed Umami Meats will support the company’s future plans including commercialization in the Asian market and specifically Singapore, the only country where cultivated meat has regulatory approval. This partnership will add seafood to the company’s portfolio of 3D-printed cultivated beef, chicken, and pork. Steakholder Foods, formerly MeaTech 3D, recently joined the UN Global Compact, supporting its mission to create real meat in a sustainable way which includes strengthening food security, decreasing carbon footprint, and conserving water and land resources.

Steakholder Foods is listed on the Nasdaq Capital Market under the ticker “STKH” (formerly MITC). The international deep-tech food company maintains facilities in Israel and Belgium and is in the process of expanding activities to the US.

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Image Credit: Steakholder Foods