secwatch.observer — SEC 8-K summary
======================================

Issuer:     STRYVE FOODS, INC. (—)
CIK:        0001691936
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001493152-23-024391
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryve Foods announces preliminary Q2 revenue growth and 1-for-15 reverse stock split to regain Nasdaq compliance
--------------------------------------------------------------------------------

- Preliminary Q2 net revenue $5.8-6.0M, +26-30% sequential growth from Q1 2023.
- Preliminary Adjusted EBITDA loss $2.4-2.7M, improved $8.7-9.0M YoY and $0.8-1.1M sequentially.
- Retail dollar sales +38% YoY per SPINs data through June 18, 2023; distribution points +19%.
- Board authorized 1-for-15 reverse stock split effective July 14, 2023, to regain Nasdaq $1 bid price compliance.
- Outstanding Class A shares will reduce from ~26.4M to ~1.76M; warrants adjust to 0.0666667 shares at $172.50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691936/000149315223024391/0001493152-23-024391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691936/000149315223024391/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024391

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