Meat-Tech 3D Ltd. Considering American IPO

Oct. 28, 2020
Publicly held Israeli cultured meat firm considering American Depositary Shares on Nasdaq.

Meat-Tech 3D Ltd., an Israeli cultured meat development company, on Oct 27 revealed it's filed a draft registration statement with the U.S. Securities and Exchange Commission for a potential U.S. initial public offering of American Depositary Shares (ADSs). It's already listed on the Tel Aviv stock exchange.

Meat-Tech 3D calls itself "a developer of industrial-scale cultivated meat production technologies based on advanced 3D bioprinting." It uses a "unique, proprietary bioprinter to deposit layers of cells (including stem cells and differentiated stem cells), scaffolding and cell nutrients in a three-dimensional form of structured cultured meat."

Its listing of ADSs would be on the Nasdaq Stock Market. The number of ADSs, the number of underlying ordinary shares that may be issued and the price for such instruments have not yet been determined. The U.S. IPO will happen when "market conditions permit following the SEC's completion of its review process."

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