Meati Foods Seeks Investment Amid Financial Crisis

Meati Foods, a mycelium protein startup, is pursuing urgent funding after a bank’s unexpected cash sweep left it with a cash shortfall. The company, which has raised $365 million since its inception, faces potential layoffs of 150 employees if it cannot secure capital by May 6.

Original excerpt: “Our lender unexpectedly removed cash from our accounts and took control of remaining cash reserves […] and the action was not reasonably foreseeable,”…

Source: Green Queen