Beyond Meat announced it will implement a 1-for-30 reverse stock split, effective August 13 at 11:59 pm Eastern Time, with split-adjusted trading beginning August 14. The move is intended to help the company regain compliance with Nasdaq's minimum bid price requirement, after receiving a delisting warning in March for its shares trading below $1 for 30 consecutive business days. The company has until August 31 to restore compliance. Beyond Meat's stock has slumped almost 84.6% in the past 12 months, last trading at $0.42.