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Stryve Foods, Inc. Issues $9.4 Million of Preferred Stock to Eliminate Debt and Strengthen Balance Sheet
Feb 04, 2025•over 1 year ago
Contract Type
partnership
PlanoManufacturing
Description
Stryve Foods, Inc. has successfully completed a balance sheet transforming transaction by issuing 877,878 shares of newly created Series A-1 Convertible Preferred Stock valued at approximately $10.71 per share, for a total of $9.4 million. This strategic transaction eliminates approximately $8.7 million of maturing liabilities, significantly improving the company's financial flexibility and capital structure. Strong insider participation reflects confidence in Stryve’s future.
Company Information
Company
STRYVE FOODS
Location
Plano, Texas, United States
About
Stryve Foods is an emerging healthy snacking platform with a mission to help Americans snack better and live happier, better lives. The Company is focused on manufacturing and marketing highly differentiated healthy snacks that disrupt…
Predictive Intelligence
Strategic
ML-powered predictions for STRYVE FOODS's next move
PlanoManufacturing