Believer Meats files for bankruptcy, drawing the curtain on what was once billed as a breakthrough venture poised to redefine how meat reaches dinner plates. The cultured-meat company, formerly known as Future Meat, entered insolvency proceedings Thursday in the Lod District Court after failing to secure financing to service its debts and operate a massive factory built in North Carolina.
The move follows earlier reporting by Calcalist that the company had already halted operations.
Mounting Debts and a Factory That Never Switched On
Court filings show Believer Meats carries debts of about 34.7 million shekels (roughly $11 million). Trouble accelerated after the company failed to complete payments to the…