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NEW YORK and PLANO, Texas, Jan 28, 2021 (GLOBE NEWSWIRE via COMTEX) —
Combined company to focus on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories
The transaction values the combined company at an enterprise value of $170 million and is expected to provide approximately $67 million in gross cash proceeds to the Company. As part of the transaction, Andina and Stryve raised over $50 million of fully committed capital.
The business combination is expected to close in the second quarter of 2021. The combined company will be named Stryve Foods, Inc. and remain listed on the NASDAQ under ticker SNAX
Joint webcast scheduled for today at 8:30 a.m. ET
NEW YORK and PLANO, Texas, Jan. 28, 2021 (GLOBE NEWSWIRE) — Stryve Foods LLC (“Stryve” or “the Company”), an emerging healthy snack platform