STRYVE FOODS, INC.: debt financing — Stryve Foods issues $9.4M Series A-1 Convertible Preferred; CEO debt conversion of $2.7M

STRYVE FOODS, INC.

Sold 877,878 shares of Series A-1 Convertible Preferred at $10.7122/share for $9.4M aggregate, paid via debt conversion.
Conversion price $0.7599 per share; convertible after 6 months, with 9.99% beneficial ownership cap (19.99% for certain holders).
Preferred stock carries 12% annual dividend, senior liquidation preference; Company may redeem at 102% after 2 years.
CEO Christopher Boever contributed $2.7M of his debt holdings; total related-party participation $3.0M.
Extended $761,422 unsecured promissory note to a related party; maturity from Dec 23, 2024 to Dec 31, 2025.

item 1.01 item 2.03 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STRYVE FOODS, INC. amended loan of $761,422 in principal amount with a related party maturing December 31, 2025.

Instrument: loan
Principal: $761,422 in principal amount
Counterparty: a related party
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

Stryve Foods, Inc. (the “ Company ”) has successfully extended the maturity and amended $761,422 in principal amount of an unsecured promissory note (the “Note”) to a related party. The maturity of the Note has been extended from December 23, 2024 to December 31, 2025.

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Source: SEC EDGAR

accession 0001493152-25-004795

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