Steakholder Foods Ltd. American Depositary Shares - STKH STOCK NEWS

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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

01/25/2024 08:00 AM

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Steakholder Foods Ltd. Announces Exercise of Warrants for Approximately $6.6 Million in Gross Proceeds

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Steakholder Foods Ltd. announced the immediate exercise of certain outstanding warrants to purchase up to 14,357,143 American Depositary Shares at a reduced exercise price. The closing of the offering is expected to occur soon.

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01/22/2024 07:00 AM

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Steakholder Foods Adds Plant-Based Shrimps to Expanding Range of 3D-Printed Seafood and Analogues

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Steakholder Foods Ltd. (Nasdaq: STKH) has expanded its 3D-printing capabilities with the world's first plant-based, 3D-printed shrimps, designed to mimic the texture and flavor of conventional shrimps. The shrimp market is worth more than USD 60 billion, and is projected to continue growing substantially over the coming decade. With 7.6 million tons of shrimp harvested in 2023, Steakholder Foods aims to provide partners and customers with a practical and environmentally-friendly alternative to traditional shrimp farming.

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01/03/2024 09:00 AM

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Feasibility Report Confirms Regulatory Path in UAE for Steakholder Foods® 3D-Printed, Plant-Based Products

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Steakholder Foods Ltd. (Nasdaq: STKH) has received a feasibility report from the Mérieux NutriSciences group regarding its plant-based, 3D-printed whitefish and steak. The report concluded that the products' raw materials are permitted for use in plant-based substitutes or Generally Recognized as Safe (GRAS) and are considered safe for use in the United Arab Emirates. The 3D-printing process does not change the structure or composition of the materials used, making the resulting product subject to a conventional approval process. The company plans to engage with UAE regulatory authorities for approval and commercialization while working on revenue-generating commercialization agreements in additional regions in 2024.

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12/27/2023 09:31 AM

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Steakholder Foods Launches Industry-First 3D Printed Eel

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Steakholder Foods (STKF) revolutionizes seafood production with the launch of the world's first plant-based, 3D-printed eel. The breakthrough highlights the company's capability to accurately replicate the complex texture of eel through precision layering and a unique combination of materials in its proprietary 3D printing technology. The company's eel is expected to include cultivated eel cells in the future, positioning it at the forefront of the industry. Steakholder Foods estimates that its partners and customers will be able to mass-produce 3D-printed eel at a competitive price range, addressing the cost challenges linked to the current global prices of eel. The global eel market, valued at USD 4.3 billion in 2022, faces critical challenges such as overexploitation and the risk of extinction, highlighting the need for sustainable alternatives.

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11/29/2023 08:56 AM

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Steakholder Foods® Initiates Life-Cycle Assessment (LCA) Process for its 3D Bioprinter, Supported by Government Grant

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Steakholder Foods Ltd. (Nasdaq: STKH) is embarking on a comprehensive Life-Cycle Assessment (LCA) process and scenario analysis, subsidized by the Israel Resource Efficiency Center. The LCA is aligned with the Company's strategic objective of advancing its 3D printing technology towards commercialization, aiming to streamline operations, increase productivity, and optimize production processes.

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11/29/2023 08:50 AM

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Steakholder Foods® Initiates Life-Cycle Assessment (LCA) Process for its 3D Bioprinter, Supported by Government Grant

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Steakholder Foods Ltd. (Nasdaq: STKH) is embarking on a comprehensive Life-Cycle Assessment (LCA) process and scenario analysis with the backing of the Israel Resource Efficiency Center. The LCA is aligned with the Company's objective of advancing its 3D printing technology towards commercialization, subsidized as part of a government plan to assist manufacturing plants in cost savings and sustainability efforts. The analysis aims to streamline operations, increase productivity, and optimize production processes, supporting the development of a strategic roadmap to guide management decisions and align with regulatory standards and global sustainable development goals.

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11/02/2023 07:00 AM

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Steakholder Foods® Achieves More Than 75% Cost Reduction in Growth Media for Bovine Cell Cultivation

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Steakholder Foods Ltd. has successfully reduced the cost of its in-house growth media for bovine cell cultivation by over 75% in the past two years. This cost reduction addresses the industry-wide challenge of scalability and affordability, paving the way for industrial-scale cell production and lowering the total production costs of cultivated beef.

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10/31/2023 04:45 PM

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Steakholder Foods® Announces Receipt of Nasdaq Minimum Bid Price Notification

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Steakholder Foods Ltd. (Nasdaq: STKH) has received a letter from the Nasdaq Listing Qualifications stating that the company is not in compliance with the minimum bid price requirement. The company has 180 calendar days to regain compliance by maintaining a minimum bid price of $1.00 per share for ten consecutive business days. If compliance is not regained, the company may be eligible for an additional time period. The ADS will continue to trade on the Nasdaq Capital Market under the symbol 'STKH'.

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10/20/2023 07:00 AM

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Steakholder Foods® Shares a Message of Resilience, Commitment and Progress from CEO, Arik Kaufman

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Steakholder Foods highlights achievements and assures stakeholders of resilience and commitment in a letter from the CEO

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09/27/2023 07:00 AM

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Steakholder Foods® Launches Innovative Ink to 3D Print Beef Steaks

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Steakholder Foods unveils SH Beef Steak Ink, a groundbreaking innovation in sustainable 3D printed meat production. The ink offers remarkable realism, culinary versatility, and flavor enhancement, mimicking the texture and taste of premium beef steak. It is designed for use with Steakholder Foods' fusion printer and aims to become an industry standard. The launch of SH Beef Steak Ink is part of the company's strategy to diversify the world's food portfolio. No concrete business takes affecting stock price are mentioned.

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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.