Stryve Foods, Inc. Announces Exploration of Strategic Alternatives
Stryve Foods (OTC: SNAX), a healthy snacking company specializing in high-protein, air-dried meat snacks, has announced a strategic review to maximize shareholder value and secure capital for growth.
Under CEO Chris Boever's leadership, the company has achieved significant operational improvements and reduced losses. The brand repositioning has successfully driven increased retailer and consumer demand. However, current liquidity constraints are limiting their ability to meet growing product demand.
Key developments include:
- Initiation of a comprehensive review of strategic alternatives
- Ongoing efforts to secure additional working capital
- Potential outcomes may include strategic investment, business combination, or company/asset sale
The company operates in the growing protein snacking category, with differentiated consumer benefits and unique manufacturing capabilities. While no specific timeline has been set for the strategic review, management remains focused on strengthening their financial position and accelerating growth.
Stryve Foods (OTC: SNAX), un'azienda specializzata in snack salutari ad alto contenuto proteico e carne essiccata ad aria, ha annunciato una revisione strategica per massimizzare il valore per gli azionisti e garantire capitale per la crescita.
Sotto la guida del CEO Chris Boever, l'azienda ha ottenuto significativi miglioramenti operativi e ridotto le perdite. Il riposizionamento del marchio ha aumentato con successo la domanda da parte di rivenditori e consumatori. Tuttavia, le attuali limitazioni di liquidità stanno ostacolando la capacità di soddisfare la crescente domanda di prodotti.
Sviluppi chiave includono:
- Avvio di una revisione completa delle alternative strategiche
- Continui sforzi per assicurare capitale circolante aggiuntivo
- Possibili esiti comprendono investimenti strategici, fusioni aziendali o vendita di azienda/beni
L'azienda opera nel settore in crescita degli snack proteici, offrendo benefici distintivi per i consumatori e capacità produttive uniche. Sebbene non sia stata fissata una tempistica precisa per la revisione strategica, la direzione resta concentrata sul rafforzamento della posizione finanziaria e sull'accelerazione della crescita.
Stryve Foods (OTC: SNAX), una empresa de snacks saludables especializada en snacks de carne deshidratada al aire y alto contenido proteico, ha anunciado una revisión estratégica para maximizar el valor para los accionistas y asegurar capital para el crecimiento.
Bajo el liderazgo del CEO Chris Boever, la compañía ha logrado importantes mejoras operativas y ha reducido pérdidas. El reposicionamiento de la marca ha impulsado con éxito un aumento en la demanda de minoristas y consumidores. Sin embargo, las limitaciones actuales de liquidez están limitando su capacidad para satisfacer la creciente demanda de productos.
Los desarrollos clave incluyen:
- Inicio de una revisión integral de alternativas estratégicas
- Esfuerzos continuos para asegurar capital de trabajo adicional
- Los posibles resultados pueden incluir inversión estratégica, combinación de negocios o venta de la empresa/activos
La compañía opera en la creciente categoría de snacks proteicos, con beneficios diferenciados para el consumidor y capacidades de fabricación únicas. Aunque no se ha establecido un plazo específico para la revisión estratégica, la dirección sigue enfocada en fortalecer su posición financiera y acelerar el crecimiento.
Stryve Foods (OTC: SNAX)는 고단백, 공기 건조 육포 스낵을 전문으로 하는 건강 간식 회사로서, 주주 가치를 극대화하고 성장을 위한 자본 확보를 위해 전략적 검토를 발표했습니다.
CEO Chris Boever의 리더십 아래 회사는 중요한 운영 개선을 이루고 손실을 줄였습니다. 브랜드 재포지셔닝을 통해 소매업체와 소비자의 수요가 성공적으로 증가했습니다. 그러나 현재 유동성 제약으로 인해 증가하는 제품 수요를 충족하는 데 어려움을 겪고 있습니다.
주요 개발 사항은 다음과 같습니다:
- 전략적 대안에 대한 포괄적 검토 착수
- 추가 운전자본 확보를 위한 지속적인 노력
- 전략적 투자, 사업 결합 또는 회사/자산 매각 등이 가능한 결과
회사는 차별화된 소비자 혜택과 독특한 제조 역량을 갖춘 성장하는 단백질 스낵 시장에서 활동하고 있습니다. 구체적인 검토 일정은 정해지지 않았으나, 경영진은 재무 상태 강화와 성장 가속화에 집중하고 있습니다.
Stryve Foods (OTC : SNAX), une entreprise spécialisée dans les snacks sains riches en protéines et la viande séchée à l'air, a annoncé une revue stratégique visant à maximiser la valeur pour les actionnaires et à sécuriser des capitaux pour sa croissance.
Sous la direction du PDG Chris Boever, la société a réalisé d'importantes améliorations opérationnelles et réduit ses pertes. Le repositionnement de la marque a efficacement stimulé la demande des détaillants et des consommateurs. Cependant, les contraintes actuelles de liquidité limitent leur capacité à répondre à la demande croissante des produits.
Les développements clés incluent :
- Lancement d'un examen complet des alternatives stratégiques
- Efforts continus pour obtenir des fonds de roulement supplémentaires
- Les résultats possibles peuvent inclure un investissement stratégique, une fusion d'entreprise ou la vente de la société/actifs
L'entreprise évolue dans le secteur en croissance des snacks protéinés, avec des avantages consommateurs différenciés et des capacités de fabrication uniques. Bien qu'aucun calendrier précis n'ait été fixé pour cette revue stratégique, la direction reste concentrée sur le renforcement de sa position financière et l'accélération de sa croissance.
Stryve Foods (OTC: SNAX), ein Unternehmen für gesunde Snacks, das sich auf proteinreiche, luftgetrocknete Fleischsnacks spezialisiert hat, hat eine strategische Überprüfung angekündigt, um den Aktionärswert zu maximieren und Kapital für Wachstum zu sichern.
Unter der Führung von CEO Chris Boever hat das Unternehmen bedeutende operative Verbesserungen erzielt und Verluste reduziert. Die Neupositionierung der Marke hat die Nachfrage von Einzelhändlern und Verbrauchern erfolgreich gesteigert. Allerdings schränken derzeitige Liquiditätsengpässe die Fähigkeit ein, der wachsenden Produktnachfrage gerecht zu werden.
Wesentliche Entwicklungen umfassen:
- Einleitung einer umfassenden Überprüfung strategischer Alternativen
- Laufende Bemühungen zur Sicherung zusätzlicher Betriebsmittel
- Mögliche Ergebnisse können strategische Investitionen, Unternehmenszusammenschlüsse oder der Verkauf von Unternehmen/Vermögenswerten sein
Das Unternehmen ist in der wachsenden Kategorie der Protein-Snacks tätig, mit differenzierten Verbraucherbenefits und einzigartigen Fertigungskapazitäten. Obwohl kein konkreter Zeitplan für die strategische Überprüfung festgelegt wurde, bleibt das Management darauf fokussiert, die Finanzlage zu stärken und das Wachstum zu beschleunigen.
- Brand repositioning has proven successful with significant increases in retailer and consumer demand
- Company has improved business performance and reduced losses
- Strong market position in growing healthy snacking and high-protein segments
- Unique manufacturing capabilities and differentiated product benefits
- Severe liquidity constraints limiting ability to meet growing demand
- Immediate working capital needs threatening operations
- Company trading on OTC markets, indicating delisting from major exchanges
- Potential sale of company or assets due to financial constraints
- Strategic review may lead to dilutive financing or unfavorable terms for current shareholders
FRISCO, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) (“Stryve” or the “Company”), an emerging healthy snacking company focused on high-protein, air-dried meat snacks, today announces that it has engaged in a formal review process to evaluate potential strategic alternatives aimed at maximizing shareholder value while securing capital to support its accelerating growth in demand.
Over the last two years, Stryve has made significant progress in transforming its operations and driving demand for its differentiated product offerings. Through this transformation, the company has improved its business performance, reduced its losses considerably.
Chris Boever, Stryve’s Chief Executive Officer, stated “We participate in a highly attractive category, at the intersection of the rising consumer behaviors in snacking and growing demand for protein and convenience. We enjoy a portfolio with highly differentiated consumer benefits and unmatched manufacturing capabilities. As previously shared, the brand repositioning has proven successful, and we are experiencing significant increases in retailer and consumer demand. We are pleased with our progress as it validates the strategic plan that we communicated in early 2023. However, as we have previously shared, the accelerating demand for our products continues to outpace our ability to supply due to liquidity. It is imperative that we secure the working capital necessary for us to meet customer needs and to put us in position to achieve our near-term profitability plan.”
To address these constraints and position the business for sustainable growth, Stryve has been actively engaged in efforts to secure additional capital. These efforts are ongoing and remain a top priority for the Company’s management team and Board of Directors.
In parallel with these capital raising efforts, the Company has initiated a comprehensive review of strategic alternatives as a means to secure the capital it needs. Potential outcomes of this process may include, but are not limited to, a strategic investment, a business combination, a sale of the Company or its assets, or other potential transactions. The Company has not set a timetable for the conclusion of this process and does not intend to comment further unless and until the Board of Directors has approved a specific course of action or otherwise determines that further disclosure is appropriate or required by law.
Boever continued, “We’ve made tremendous strides in transforming our business, building strong customer relationships, and delivering products that are in high demand. As we continue to execute on our strategy, we are exploring opportunities to further strengthen our financial position, satisfy our immediate working capital needs, and accelerate growth. We are confident that this process will help us unlock the full potential of our brands and best position the organization for long-term success. We are committed to exploring all viable options to position the Company for long-term success and maximize value for our shareholders and stakeholders.”
There can be no assurance that the strategic review process will result in any transaction or other strategic change, nor as to its timing or terms.
About Stryve Foods, Inc.
Stryve is a premium air-dried meat snack company that is conquering the intersection of high protein, great taste, and health under the brands of Braaitime®, Kalahari®, Stryve®, and Vacadillos®. Stryve sells highly differentiated healthy snacking and food products in order to disrupt traditional snacking and CPG categories. Stryve’s mission is “to help Americans eat better and live happier, better lives.” Stryve offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods. Stryve’s current product portfolio consists primarily of air-dried meat snack products marketed under the Stryve®, Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike beef jerky, Stryve’s all-natural air-dried meat snack products are made of beef and spices, are never cooked, contain zero grams of sugar*, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. As a result, Stryve’s products are Keto and Paleo diet friendly. Further, based on protein density and sugar content, Stryve believes that its air-dried meat snack products are some of the healthiest shelf-stable snacks available today. Stryve also markets and sells human-grade pet treats under the brands Two Tails and High Steaks, made with simple, all-natural ingredients and
Stryve distributes its products in major retail channels, primarily in North America, including grocery, convenience store, mass merchants, and other retail outlets, as well as directly to consumers through its ecommerce websites and through the Amazon and Walmart platforms. For more information about Stryve, visit www.stryve.com or follow us on social media at @stryvebiltong.
* All Stryve Biltong and Vacadillos products contain zero grams of added sugar, with the exception of the Chipotle Honey flavor of Vacadillos, which contains one gram of sugar per serving.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “may”, “will”, “would”, “could”, “intend”, “aim”, “believe”, “anticipate”, “continue”, “target”, “milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”, “guidance” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including, but not limited to, statements regarding Stryve’s plans, strategies, objectives, targets and expected financial performance. These forward-looking statements reflect Stryve’s current views and analysis of information currently available. This information is, where applicable, based on estimates, assumptions and analysis that Stryve believes, as of the date hereof, provide a reasonable basis for the information and statements contained herein. These forward-looking statements involve various known and unknown risks, uncertainties and other factors, many of which are outside the control of Stryve and its officers, employees, agents and associates. These risks, uncertainties, assumptions and other important factors, which could cause actual results to differ materially from those described in these forward-looking statements, include: (i) the inability to achieve profitability due to commodity prices, inflation, supply chain interruption, transportation costs and/or labor shortages; (ii) the ability to meet financial and strategic goals, which may be affected by, among other things, competition, supply chain interruptions, the ability to pursue a growth strategy and manage growth profitability, maintain relationships with customers, suppliers and retailers and retain its management and key employees; (iii) the risk that retailers will choose to limit or decrease the number of retail locations in which Stryve’s products are carried or will choose not to carry or not to continue to carry Stryve’s products; (iv) the possibility that Stryve may be adversely affected by other economic, business, and/or competitive factors; (v) the impacts of the transition from NASDAQ to OTC; (vi) the possibility that Stryve may not achieve its financial outlook; (vii) risks around the Company’s ability to continue as a going concern and (viii) other risks and uncertainties described in the Company’s public filings with the SEC. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those projections and forward-looking statements are based.
Investor Relations Contact:
Investor Relations
ir@stryve.com
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