Stryve Foods, Inc. Announces Closing of $2.9 Million Public Offering

Core Viewpoint - Stryve Foods, Inc. has successfully closed a public offering of 3,670,886 shares of Class A common stock and warrants, raising gross proceeds of $2.9 million to support working capital and general corporate purposes [1][2]. Group 1: Offering Details - The public offering was priced at $0.79 per share, with each share sold together with two warrants to purchase additional shares at the same price [1]. - The common warrants have an exercise price of $0.79 per share and are exercisable following stockholder approval, with a term of five years [1]. - The offering was conducted under the Company's registration statement on Form S-1, which became effective on November 8, 2024 [3]. Group 2: Company Overview - Stryve Foods is a leader in the air-dried meat snack industry in the U.S., focusing on high-protein, low-sugar products under brands such as Braaitime®, Kalahari®, Stryve®, and Vacadillos® [5]. - The company aims to disrupt traditional snacking categories by offering healthier alternatives that are Keto and Paleo diet-friendly, containing zero grams of added sugar in most products [5][7]. - Stryve distributes its products through various retail channels, including grocery stores, convenience stores, and e-commerce platforms like Amazon and Walmart [6].