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Beyond Meat Inc. (NASDAQ: BYND) shares are experiencing a dramatic collapse, plunging 58% in premarket trading to $1.19 per share following the announcement of a major debt restructuring initiative. The plant-based meat company launched an exchange offer on September 29, 2025, aimed at eliminating over $800 million of its existing convertible debt, but the proposal comes at a steep cost to existing shareholders. With approximately 47% of convertible noteholders already agreeing to the exchange, the deal would significantly dilute current equity holders while providing…