UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
Current Report
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On February 4, 2025, the Nasdaq Stock Market LLC (“Nasdaq”) notified Stryve Foods, Inc. (the “Company”) that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s Class A common stock and warrants and that trading of the Company’s securities will be suspended at the open of trading on February 6, 2025.
As previously reported, on December 19, 2024, the Company was granted an extension until January 31, 2025 from a Panel to regain compliance with Nasdaq’s continued listing rules and demonstrate long-term compliance with the Listing Rule 5550(b)(1), which requires listed issuers to maintain minimum stockholders’ equity of $2.5 million. As of January 31, 2025, the Company had not regained compliance with the Nasdaq Listing Rule 5550(b)(1) and was denied its request for an additional extension.
In connection with the Nasdaq delisting notice, Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the Securities and Exchange Commission after applicable appeal periods have lapsed. In the interim, the Company’s Class A common stock is expected to begin trading under its current trading symbol on the OTC Markets system.
The Company has 15 days after the date it received notice of the Panel’s decision to request in writing that the Nasdaq Listing and Hearing Review Council (the “Council”) review the decision. In addition, the Council may, on its own motion, determine to review the Panel’s decision within 45 calendar days after the Company was notified of the decision.
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: February 5, 2025
| STRYVE FOODS, INC. | ||
| By: | /s/ R. Alex Hawkins | |
| Name: | R. Alex Hawkins | |
| Title: | Chief Financial Officer | |