UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 30, 2024

STRYVE FOODS, INC.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (972) 987-5130

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

The information set forth under Item 2.03, “Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,” is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Stryve Foods, Inc. (the “Company”) has successfully extended the maturity and amended all of the promissory notes from its April 2023 financing. In addition to the amendments disclosed in the Company’s 8-K filing on January 12, 2024, on January 30, 2024, the Company entered into a First Amendment to the Promissory Notes dated as of April 19, 2023 (the “Amendments”) with the holder (the “Final Lender”) of remaining $1.5 million in aggregate principal amount of the Company’s outstanding $4.1 million in aggregate principal amount of secured promissory notes (the “Notes”). The Amendments are the same as the amendments with the holders of $2.6 million of Notes (the “Other Lenders” and together with the Final Lender, the “Lenders”) and extend the maturity date of the Notes from December 31, 2023 to the earlier of (i) December 31, 2024, or (ii) the closing of the next sale or series of related sales by the Company of its equity securities from which the Company receives gross proceeds of not less than $3.0 million, excluding proceeds from the warrants held by the Lenders and the Company’s existing at the market equity facility with Craig-Hallum Capital Group LLC. As consideration for the Final Lender’s entry into the Amendment, the Company (i) reduced the exercise price on the outstanding warrants issued to the Final Lender in April 2023 from $7.701 per split-adjusted share to $2.75 per split-adjusted share and (ii) agreed to issue 45,908 shares of Class A common stock to the Final Lender, which shares represent payment in full for interest accrued on the Notes held by the Final Lender through December 31, 2023 (at a value of $2.75 per share). The Amendments entered into with the Lenders provide that the Lenders shall be offered the option to further amend their Notes to include any more favorable terms entered into with to other holders of Notes. Accordingly, the Other Lenders will have the opportunity to accept shares of Class A common stock (at a value of $2.75 per share) as payment in full for interest accrued through December 31, 2023 on the Notes held by each Other Lender.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 31, 2024