secwatch.observer — SEC 8-K summary
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Issuer:     STRYVE FOODS, INC. (—)
CIK:        0001691936
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001493152-24-014086
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryve Foods raises $1.6M in convertible bridge notes with insider participation
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- Issued $1.6M aggregate principal of unsecured promissory notes to accredited investors; $1.0M from insiders.
- Notes bear 12% annual interest, mature December 31, 2024, and include a 1% original issue discount.
- Proceeds to fund inventory growth, working capital, and general operations.
- Notes automatically convert into equity securities upon the next financing of at least $3M gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691936/000149315224014086/0001493152-24-014086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691936/000149315224014086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014086

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