Glaser Weil Represents Alumni Capital in Steakholder Foods’ $1.25M Private Placement and $8M Equity Line of Credit

Glaser Weil is pleased to announce that its client, Alumni Capital has entered into definitive agreements for a $1.25 million private placement and an $8 million equity line of credit (ELOC) with Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternative proteins and 3D printing technologies. Glaser Weil Partner and Corporate Department Co-chair Marc Indeglia represented Alumni Capital in the transaction.

As part of the private placement, Alumni Capital agreed to purchase 985,028 American Depositary Shares (ADSs) of Steakholder Foods at a price of $1.269 per ADS, along with warrants to purchase up to an additional 985,028 ADSs at an exercise price of $2.00 per ADS. In addition, the $8 million ELOC agreement provides Steakholder Foods with a dynamic financing option, enabling the company to raise capital on an as-needed basis while strategically managing shareholder equity.

Glaser Weil is proud to have advised Alumni Capital in this strategic investment, supporting Steakholder Foods as they continue to innovate, expand their capabilities and drive sustainable value creation.

For more information, read the press release.