Beyond Meat Inc. (NASDAQ: BYND) shares plunged 58% in premarket trading to $1.19 after announcing a debt restructuring plan. The company aims to eliminate over $800 million in convertible debt through an exchange offer launched on September 29, 2025. This plan involves offering new secured debt and common stock, requiring 85% participation from noteholders, which would significantly dilute existing shareholders. CEO Ethan Brown stated the restructuring is intended to reduce leverage and support the company's long-term goals, but the announcement led to a sharp decline in stock value due to concerns over equity dilution.