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#8 Cultured meat startup files for IPO

Israeli cultured meat firm Meat-Tech 3D has filed for a $29-million initial public offering in the United States.

Founded in 2018, Meat-Tech 3D is working to develop and commercialize 3D bioprinting of cultured meat. Currently listed on the Tel Aviv Stock Exchange under the ticker MEAT, the company’s first target is steak. It plans to list on Nasdaq as MITC. In the third quarter of 2020, the company successfully printed meat tissue, but acknowledges it does not expect to generate sales in the near-term.

Pricing details and timing were not disclosed. H.C. Wainwright is the sole bookrunner.

More on the story, here.