secwatch.observer — SEC 8-K summary
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Issuer:     STRYVE FOODS, INC. (—)
CIK:        0001691936
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001493152-25-004795
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryve Foods issues $9.4M Series A-1 Convertible Preferred; CEO debt conversion of $2.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691936/000149315225004795/0001493152-25-004795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691936/000149315225004795/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-004795

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