07:39 AM EDT, 09/22/2025 (MT Newswires) -- Steakholder Foods ( STKH ) said Monday it has signed an agreement to acquire Twine Solutions through an equity transaction.

The company said that Twine's shareholders will receive a minority stake in Steakholder Foods ( STKH ) in return for all outstanding shares of Twine on a fully-diluted basis.

This stake will include approximately 25% of Steakholder's outstanding equity, after allocation, plus milestone warrants, which could increase the minority stake to up to 35% upon achievement of certain substantial milestones, Steakholder Foods ( STKH ) added.

Steakholder said Twine has previously secured approximately $80 million in funding and established strategic partnerships with global giants, including Zara and COATS Group.

The proposed acquisition of Twine will expand its capabilities to cater to multiple traditional industries, including its existing food industry, as well as expand its footprint in the fashion and textile industries through Twine offerings.

Steakholder Foods ( STKH ) shares were up over 21% in recent premarket activity Monday.

Price: 5.81, Change: +0.96, Percent Change: +21.03