Beyond Meat, Inc. (NASDAQ: BYND) saw its stock soar 5.38% in after-hours trading on Thursday, following the announcement of the expiration of lock-up restrictions on a significant number of shares issued in a recent exchange offer.

The plant-based meat company revealed that the lock-up restrictions on approximately 316 million shares of its common stock, issued on October 15, 2025, as part of an exchange offer for its 0% Convertible Senior Notes due 2027, would expire at 5:00 p.m. New York City time on October 16, 2025. This expiration allows holders of these newly issued shares to sell any or all of their holdings without the previous contractual restrictions.

Investors appear to be reacting positively to this news, as the expiration of lock-up restrictions could potentially increase liquidity in Beyond Meat's stock. The company stated that the newly unrestricted shares are expected to be transferred into the regular trading CUSIP for Beyond Meat's common stock on October 17, 2025, subject to standard settlement procedures. This development may lead to increased trading volume and potentially attract new investors to the stock.