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Steakholder Foods Ltd. American Depositary Shares - STKH STOCK NEWS

Welcome to our dedicated page for Steakholder Foods Ltd. American Depositary Shares news (Ticker: STKH), a resource for investors and traders seeking the latest updates and insights on Steakholder Foods Ltd. American Depositary Shares stock.

Steakholder Foods Ltd. (Nasdaq: STKH) is a cutting-edge deep-tech food company specializing in cultivating meat technologies. Focused on revolutionizing meat production, the company aims to simplify the meat supply chain and offer consumers innovative product offerings that reduce environmental impact. By developing alternative solutions to industrialized animal farming, Steakholder Foods targets minimizing carbon footprint, reducing water and land usage, and preventing animal slaughter.

The company's ground-breaking technology includes a proprietary three-dimensional bioprinter designed for producing meat and seafood analogs. This 3D printing technology combines cultivated and plant-based elements to create hybrid meats, enhancing texture, flavor, and nutritional benefits. Steakholder Foods' flagship inventions include its state-of-the-art 3D Fusion Pro™ meat printer and NutriBlend™ ink, a nutritional blend for plant-based meat production.

Recently, Steakholder Foods achieved significant milestones, including signing a Memorandum of Understanding (MOU) with Wyler Farms, Israel's leading alternative protein and tofu producer, to adopt their 3D printing technology. The deal encompasses a subscription to the company's SH Software™ and NutriBlend™ ink, with expected production starting between Q4 2024 and Q1 2025. This collaboration marks an industry-first in integrating industrial-scale 3D printing technology into the food industry.

Furthermore, Steakholder Foods received a $220,000 initial payment from the Singapore-Israel Industrial R&D Foundation (SIIRD) for developing 3D-printed hybrid grouper fish, combining their SHFish – White Fish™ formulation with cultivated grouper cells. This project underscores the company's capability to produce innovative and sustainable food solutions.

In addition to technological advancements, Steakholder Foods continually strengthens its market presence and partnerships. The company's recent annual business update highlights major achievements, including strategic agreements, funding, and technology optimizations. Notably, Steakholder Foods announced a partnership with the Industrial Technology Research Institute (ITRI) in Taiwan to develop and commercialize plant-based meat alternatives tailored for Taiwanese cuisine.

Steakholder Foods’ mission is to provide sustainable, nutritious, and premium-quality plant-based food alternatives. As a pioneer in cultivated meat and 3D printing technology, the company is actively seeking collaborations with like-minded partners to expand its global footprint and drive future innovation in the food industry.

For more information, please visit: https://steakholderfoods.com

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Steakholder Foods and the Industrial Technology Research Institute (ITRI) have announced a strategic partnership aimed at revolutionizing Taiwanese cuisine through the use of 3D printing technology for sustainable, plant-based meat alternatives. The collaboration aims to develop and commercialize high-quality, locally-sourced meat substitutes tailored to Taiwanese taste preferences. This partnership will help reduce Taiwan's reliance on traditional meat supply chains and promote food diversity and sustainability. Steakholder Foods will sell commercial-scale 3D printers and premixes to local food companies as part of their strategy to expand across Taiwan. This initiative combines Steakholder Foods' advanced technology with ITRI's research expertise and local market understanding.

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Steakholder Foods (Nasdaq: STKH), a pioneer in alternative proteins and 3D printing technologies, announced a conference call scheduled for May 21, 2024, at 8:30 am ET to discuss its fiscal year 2023 financial results and provide a business update. The financial results were previously disclosed on April 30, 2024.

Investors can join the live call by dialing (877) 407-3982 (U.S.) or (201) 493-6780 (international). A replay will be accessible until June 4, 2024, by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (international), using passcode 13746634. Additionally, a live webcast will be available on the company's Investor Relations webpage and archived for 30 days.

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Steakholder Foods (Nasdaq: STKH) signed a commercial cooperation agreement with Wyler Farm for alternative protein production. This agreement marks the company's shift from R&D to commercialization, expected to generate its first commercial revenue by the end of 2024. Wyler Farm will manufacture plant-based meat products using Steakholder Foods' premixes, with production starting in Q3 2024. The collaboration aims to create a diverse range of products and potentially expand to new offerings like sausages and kebabs. Both companies see strategic benefits in this partnership, with discussions ongoing for future collaborations. The agreement aligns with Steakholder Foods' revenue strategy and commitment to food safety regulations.

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Steakholder Foods (Nasdaq: STKH) reports 2023 financial results, showcasing advancements in 3D-printed meat and fish technology. The company achieved milestones like commercializing 3D printers, securing partnerships, and securing funding. Major highlights include strategic agreements, governmental partnerships, and cutting-edge technology advancements. Despite increased research and development expenses and a higher loss from operations, the net loss per share decreased. Cash flow improved, with a decrease in cash used in operating activities and an increase in cash provided by financing activities.

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Steakholder Foods has appointed Michal Ansky as a Culinary Director and Special Strategic Consultant, bringing her extensive culinary expertise and collaboration skills to enhance the company's offerings as they move towards commercialization and expansion. Michal Ansky, a renowned gastronome and visionary, is known for her work in establishing farmers' markets and her role as a judge on MasterChef Israel. Her appointment aligns with Steakholder Foods' values of food sustainability and innovation in plant-based meat and 3D printing technologies.

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Steakholder Foods (Nasdaq: STKH) announced that it has regained compliance with the Nasdaq minimum bid price requirement after the closing bid price of its American Depositary Shares (ADSs) remained at $1.00 or above for 10 consecutive business days. The company had previously faced non-compliance issues due to the bid price falling below $1.00 for more than 30 consecutive days.
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Steakholder Foods introduces SHMeat and SHFish blends using advanced 3D food printing technologies after receiving ingredient approval in the US market. The blends are designed to mimic traditional meat and fish, offering sustainable and ethical alternatives. The company's commitment to using only GRAS ingredients emphasizes consumer health and safety.
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Steakholder Foods announces a ratio adjustment for its American Depositary Shares (ADSs) to enhance attractiveness to investors, aiming for lower volatility and better liquidity. The adjustment, effective April 4, 2024, will change the ratio from 1 ADS representing 10 ordinary shares to 1 ADS representing 100 ordinary shares. This will serve as a one-for-ten reverse ADS split, with no action required from ADS holders. The company anticipates a potential increase in ADS price to meet Nasdaq's minimum bid price requirements.
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Steakholder Foods receives $220,000 grant for 3D-printed hybrid grouper fish development from SIIRD, showcasing potential for sustainable food innovation.
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Wyler Farms, a leading alternative protein producer, signed an MOU to acquire Steakholder Foods' state-of-the-art 3D Fusion Pro™ meat printer and proprietary software, along with a subscription to NutriBlend™ ink for plant-based meat production. The collaboration is valued at several million US dollars and is expected to enhance Wyler Farms' production capabilities, marking a significant development in the plant-based meat industry. The installation of the Fusion Pro™ 3D printer is anticipated to be completed between Q4 of 2024 and Q1 of 2025, with the capacity to produce up to 500 kg of printed products per hour.
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FAQ

What is the current stock price of Steakholder Foods Ltd. American Depositary Shares (STKH)?

The current stock price of Steakholder Foods Ltd. American Depositary Shares (STKH) is $1.69 as of December 20, 2024.

What is the market cap of Steakholder Foods Ltd. American Depositary Shares (STKH)?

The market cap of Steakholder Foods Ltd. American Depositary Shares (STKH) is approximately 4.4M.

What does Steakholder Foods Ltd. specialize in?

Steakholder Foods Ltd. specializes in developing 3D printing technology for producing plant-based and hybrid meat alternatives.

What is NutriBlend™ ink?

NutriBlend™ ink is a customized blend of plant-based ingredients designed for use in Steakholder Foods' 3D printers to produce nutritious and flavorful meat alternatives.

Who are some recent partners of Steakholder Foods?

Recent partners include Wyler Farms, a leading protein and tofu producer in Israel, and the Industrial Technology Research Institute (ITRI) in Taiwan.

What are Hybrid Meats?

Hybrid Meats combine cultivated cells with plant-based elements to create products that mimic the taste and texture of traditional meat.

How is Steakholder Foods contributing to sustainability?

By developing alternatives to traditional farming that reduce carbon footprint, conserve water and land, and eliminate the need for animal slaughter.

What is the significance of the 3D Fusion Pro™ meat printer?

The 3D Fusion Pro™ meat printer represents a breakthrough in industrial-scale 3D food printing, capable of producing up to 500 kg of texturized products per hour.

What recent financial support has Steakholder Foods received?

The company received a first-phase payment of $220,000 out of a $1,000,000 grant from the Singapore-Israel Industrial R&D Foundation (SIIRD).

What is Steakholder Foods' mission?

The company's mission is to provide sustainable, nutritious, and high-quality plant-based food alternatives through innovative 3D printing technology.

What are SHMeat and SHFish blends?

SHMeat and SHFish blends are plant-based formulations designed for 3D printing to mimic the taste and texture of traditional meat and fish.

How is Steakholder Foods planning to expand?

Through strategic partnerships, commercializing its 3D printing technology, and seeking collaborations with global food companies.

Steakholder Foods Ltd. American Depositary Shares

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