Stryve Foods Inc - SNAX STOCK NEWS

Stryve Foods, Inc. (NASDAQ: SNAX) has completed a private placement, raising approximately $35.0 million by issuing 2,496,934 shares of Class A common stock, alongside 7,797,184 pre-funded warrants and 10,294,118 warrants. The shares and accompanying warrants were sold at a combined price of $3.40. The funds will be used for working capital, capital expansion, marketing initiatives, and possibly debt repayment. The company is focused on growing its distribution in major retailers and plans to enhance its manufacturing capabilities.

Stryve Foods, Inc. (NASDAQ: SNAX) announced a private placement transaction to sell 10,294,118 shares of Class A common stock or pre-funded warrants at $3.40 per unit, aiming to raise approximately $35 million. The offering is set to close around January 11, 2022, pending customary conditions. Proceeds will support working capital, manufacturing capacity expansion, and general corporate purposes. A resale registration statement will be filed with the SEC within 15 days. Craig-Hallum Capital Group LLC is the exclusive placement agent.

Stryve Foods, Inc. (NASDAQ: SNAX), a leader in healthy snacks, announced its participation in the 2022 Virtual ICR Conference on January 11, 2022, starting at 9:30 AM ET. The event will include investor meetings and a live webcast available on Stryve's corporate website. Stryve’s mission is to offer healthier snacking options, with products that are lower in sugar and carbohydrates while being higher in protein. Their air-dried meat snacks are all-natural, Keto, and Paleo-friendly, making them a healthier alternative to traditional snacks.

Stryve Foods (NASDAQ: SNAX) announced a record new distribution agreement with 7-Eleven, bringing three flavors of its Vacadillos air-dried meat snacks to nearly 8,000 stores in the U.S. The flavors include Chile Lime, Habanero, and Scorpion. Scheduled for availability in February 2022, this order includes a standing floor display to boost visibility. Additionally, Stryve's Biltong products are expanding into more than 2,800 Speedway convenience stores. The meat snacks category in convenience stores has grown by an impressive 343% since 2020.

Stryve Foods, Inc. (SNAX) announced significant expansion plans, including new agreements with Costco and Walmart. In 2022, Stryve's products will be available at more Costco locations, enhancing its distribution footprint. A key highlight is participation in Costco's national multi-vendor mailer campaign, aiming to boost product visibility across all U.S. locations. Additionally, Walmart will increase Stryve's SKU count from two to five with new offerings starting in April. With over 30,000 retail locations, Stryve continues to grow its healthy snack presence.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a 104.6% increase in net sales, reaching $9.1 million for Q3 2021, driven by substantial growth in wholesale and e-commerce channels. The company is expanding its partnerships with Costco and Walmart, with distribution anticipated in over 30,000 retail locations. Despite a net loss of $8.7 million, Stryve reaffirms its 2021 sales guidance of $31 million to $34 million, reflecting an expected 82% to 100% increase compared to the prior year.

Stryve Foods (NASDAQ: SNAX) announced its participation in several upcoming investor conferences and a conference call on November 15, 2021, at 4:30 PM ET to discuss its third quarter 2021 financial results. The financial results press release will be issued the same day after market close. Key conferences include the Craig-Hallum Alpha Select Conference, Jefferies Virtual West Coast Consumer Conference, and the SOUTHWEST IDEAS Conference. Stryve is recognized for its healthy air-dried meat snacks that are low in sugar and carbohydrates, emphasizing its mission to promote healthier eating.

Stryve Foods (NASDAQ: SNAX) announced the resignation of Co-CEO and Chief Marketing Officer Jaxie Alt, effective November 17, 2021, to pursue other career opportunities. Post-resignation, she will remain in an interim role focusing on strategic initiatives, leveraging her expertise. CEO Joe Oblas expressed confidence in the company's future, citing a robust leadership team and a strong retail presence. Stryve is positioned to drive market share growth in the healthy snacking category, with products that are low in sugar and high in protein, appealing to health-conscious consumers.

Stryve Foods (NASDAQ: SNAX) announced the appointment of Greg Christenson and Charlie Vogt to its Board of Directors, expanding the board to nine members, six of whom are independent. Christenson serves as CFO of Champion Petfoods, with extensive financial leadership experience, while Vogt brings over 30 years of executive leadership from various technology companies. The company aims to leverage their expertise to enhance growth and achieve strategic objectives. Stryve specializes in air-dried meat snacks, promoting healthier eating with products low in sugar and high in protein.