debt
confidence high
sentiment neutral
materiality 0.40
Stryve Foods issues $406K unsecured promissory note to related party at 15% interest
STRYVE FOODS, INC.
- Issued $406,091 principal unsecured note to Christopher J. Boever, a related party.
- Note matures earlier of Dec 31, 2025 or next equity raise of at least $5M.
- Interest accrues at 15% per annum (1.25% monthly); 1.5% original issue discount.
- Proceeds used for inventory growth, working capital, and general operations.
- Note is subordinate to senior lenders and bridge noteholders.
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