Beyond Meat is launching a 1-for-30 reverse stock split as the plant-based meat company looks to regain Nasdaq listing compliance. Yesterday (11 August), the California-based company said the "reverse stock split is intended to help the company regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market". The reverse split is due to become effective at 11:59 pm Eastern Time tomorrow (13 August), with split-adjusted trading expected to begin on 14 August under the existing BYND ticker. Beyond Meat received a delisting warning from Nasdaq in March when its shares had traded below the $1 threshold for 30 consecutive business days. Ethan Brown, Beyond Meat president and CEO, said the reverse stock split is an "important step toward maintaining our Nasdaq listing and better positioning our stock for long-term investor participation".