Impossible Foods' Workers See Their Shares Tumble 89% Since 2021
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The decline of plant-based meats has decimated the value of shares that Impossible Foods Inc. offers to employees.
The closely held maker of the namesake plant-based burger is valuing the shares it distributes to employees at $1.67 each, a document reviewed by Bloomberg shows. That represents an 89% plunge from the price it set in October 2021, when employee options were as high as $14.64, according to the document. In its financing round that year, the company raised $500 million, valuing the company at $7 billion.