secwatch.observer — SEC 8-K summary
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Issuer:     STRYVE FOODS, INC. (—)
CIK:        0001691936
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001493152-23-013167
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryve Foods issues $4.1M in secured notes at 12% interest with warrants to insiders
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- $4.1M in secured promissory notes issued to accredited investors including management and board members.
- Notes bear 12% annual interest, mature by Dec 31, 2023 or upon next equity raise of at least $3M.
- Each lender received warrants to purchase 1 share per $0.5134 of principal; 7,964,550 warrants total.
- Warrants exercisable immediately at $0.5134 per share, expire in 3 years 3 months.
- Proceeds intended to fund working capital and support growth amid increasing demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691936/000149315223013167/0001493152-23-013167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691936/000149315223013167/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer