Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares. It was further bad news for the plant-based meat maker, which has been struggling with weak demand for its burgers, sausages, tenders and other products. Beyond Meat’s net revenue was down 15% in the first six months of this year. The El Segundo, California-based company said Monday that most of its debt holders had agreed to a plan to help the company reduce its debt load by $800 million. Under the plan the company can issue up to 326 million shares of new stock.
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