10:47 AM EDT, 07/16/2025 (MT Newswires) -- Steakholder Foods ( STKH ) said Wednesday that it priced its public offering of about 2.4 million American depositary shares and accompanying warrants to purchase up to the same number of ADSs at $1.05 per pair of ADS and associated warrant for total proceeds of about $2.5 million.

The company said the warrants are exercisable immediately upon issuance at $1.05 per ADS, expiring after five years.

Steakholder Foods ( STKH ) expects to close the offering on or about Thursday and said proceeds will be used for additional working capital and general corporate purposes.

Shares of Steakholder Foods ( STKH ) were down more than 9% in recent trading Wednesday.

Price: 1.48, Change: -0.15, Percent Change: -9.20