On Monday, Beyond Meat, Inc. (BYND.US) shares experienced a dramatic decline, falling more than 47% to $1.055 per share as of the latest update.

The sharp selloff came after the struggling plant-based protein manufacturer announced that nearly all creditors have accepted a debt restructuring proposal that will result in significant dilution of existing shareholder equity. According to the company, the latest results indicate an expected issuance of 316 million new shares.

The restructuring plan, which was initially disclosed in September, is designed to reduce the company's leverage ratio but has led to substantial pressure on the stock price. Based on previously filed documents, if all bondholders choose to convert their holdings, they would collectively own approximately 88% of the company's outstanding shares.