Steakholder Foods Ltd.

Steakholder Foods Ltd. (Nasdaq: STKH, formerly MTTCF) is an Israeli deep-tech company developing and selling 3D-printing production machines for alternative proteins, including plant-based premix blends mimicking meat and seafood textures, with plans to launch branded products in 2026. The F-1 registration statement registers up to 5,693,950 ADSs (each representing 4,000 ordinary shares) for resale by Alumni Capital LP under an $8 million equity line of credit (ELOC) Purchase Agreement dated February 27, 2025, at 94% of the 5-day VWAP prior to each drawdown, subject to a 4.99% beneficial ownership cap. The company has a limited operating history since 2019, generated initial revenues of $10 thousand in 2024 from plant-based premix blends, and reported net losses of $8.5 million for 2024 (accumulated deficit $78.7 million as of December 31, 2024, rising to $82.5 million by June 30, 2025), with cash of $1.4 million insufficient for 12 months, raising substantial going concern doubt. Recent developments include the October 31, 2025 acquisition of Twine Solutions Ltd. (now in insolvency proceedings as of January 2026), issuance of 158,465 ADSs and 145,355 pre-funded milestone warrants representing 20.2% of post-issuance equity, and various financings yielding $2.0 million net from a July 2025 public offering. Proceeds from potential ELOC draws will fund working capital amid ongoing losses, early-stage risks, Israeli geopolitical tensions, and dilution concerns.

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