debt
confidence high
sentiment neutral
materiality 0.60
Stryve Foods issues $507,614 in unsecured promissory notes to related party at 15% interest
STRYVE FOODS, INC.
- Issued $507,614 principal amount of unsecured notes to Christopher J. Boever (related party) on September 17, 2025.
- Notes carry 15% annual interest (1.25% monthly), original issue discount of 1.5% ($7,614).
- Maturity is earlier of December 31, 2025 or completion of next equity financing of at least $5M.
- Proceeds used to fund inventory growth, working capital, and general operations.
- Notes are unsecured and subordinated to senior lenders and bridge notes.
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