secwatch.observer — SEC 8-K summary
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Issuer:     STRYVE FOODS, INC. (—)
CIK:        0001691936
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001641172-25-003810
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryve Foods issues $1.1M in convertible notes at 12% to fund working capital
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- Issued $1.1M unsecured convertible notes on Apr 7-9, 2025; $0.6M to a related party.
- Notes carry 10% original issue discount and 12% annual interest; monthly interest payments begin May 7, 2025.
- Maturity triggered by receipt of $1M+ ERC from IRS, $6M+ equity financing, or 9 months from funding.
- Lenders may convert principal and interest on same terms as other investors in a $6M+ equity financing.
- Proceeds used for inventory growth, working capital, and general operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691936/000164117225003810/0001641172-25-003810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691936/000164117225003810/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003810

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