Stryve Foods, Inc. Announces Closing of $2.9 Million Public Offering
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Stryve Foods, Inc. has closed a $2.9 million public offering, issuing 3,670,886 shares of Class A common stock and warrants for 7,341,722 shares at $0.79 per share.
November 12, 2024 | 5:30 pm
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Stryve Foods completed a $2.9 million public offering, issuing shares and warrants, which may impact its stock price due to dilution and potential future share issuance.
The issuance of new shares and warrants can lead to stock dilution, which often results in a short-term decrease in stock price. The offering was priced at-market, indicating potential investor interest, but the increase in share count could pressure the stock price.
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