- Stryve Foods Inc SNAX has entered into securities purchase agreements with institutional investors for the issuance and sale in a private placement transaction.
- The common stock (about 10.29 million) and warrants will be sold at a combined purchase price of $3.40.
- Stryve Foods expects to receive gross proceeds from the offering of approximately $35.0 million. It intends to use the net proceeds for working capital to support near-term growth and capital expansion projects.
- The company expects the offering to close on or about January 11, 2022.
- Price Action: SNAX shares closed lower by 3.82% at $3.27 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
