Stryve Foods(SNAX) - 2024 Q3 - Quarterly Results

Stryve Foods, Inc. Form 8-K Report (October 8, 2024) The company reports receiving a delisting notice from Nasdaq and details its subsequent appeal and compliance plan Notice of Delisting from Nasdaq (Item 3.01) The company received a Nasdaq delisting notice for failing to meet the minimum stockholders' equity requirement and has appealed the decision - The company failed to comply with Nasdaq's Minimum Stockholders' Equity Rule, which requires stockholders' equity of at least $2.5 million[4] - After missing the October 7, 2024 compliance deadline, the company received a delisting determination letter from Nasdaq on October 8, 2024[5] - Stryve Foods has requested a hearing with a Nasdaq Hearing Panel, scheduled for November 26, 2024, which has temporarily stayed the suspension and delisting of the company's stock and warrants[6] - The company's strategy to regain compliance is to complete a planned underwritten public offering before the hearing date[6] - There is no assurance that the company will successfully regain compliance, complete the public offering, or win the appeal against delisting[7] Other Events and Exhibits (Items 8.01 & 9.01) The company issued a press release regarding the delisting notice, which is filed as an exhibit - The company issued a press release on October 10, 2024[8] Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release dated October 10, 2024 | | 104 | Cover Page Interactive Data File | Forward-Looking Statements The report includes forward-looking statements concerning the Nasdaq appeal and public offering, subject to significant risks - Statements regarding the intent to regain compliance, complete a public offering, and successfully appeal the delisting are identified as forward-looking[9] - Key risks that could cause actual results to differ include an unsuccessful appeal, failure to meet other Nasdaq listing requirements, and Nasdaq not granting relief from delisting[9]