Stryve Foods Faces Delisting from Nasdaq; Moves to OTC Markets

On February 5, 2025, Stryve Foods, Inc. (NASDAQ: SNAX) received a notice from the Nasdaq Stock Market LLC (“Nasdaq”) detailing the decision of the Nasdaq Hearings Panel to delist the company’s Class A common stock and warrants. Effective February 6, 2025, trading of these securities will cease.

The decision to delist follows an earlier extension granted to the company until January 31, 2025, to regain compliance with Nasdaq’s listing regulations, particularly the Listing Rule 5550(b)(1), which mandates that listed entities maintain a minimum stockholders’ equity of $2.5 million. Despite efforts, Stryve Foods failed to meet this requirement and was denied a further extension.

Following the delisting notice, Nasdaq will proceed by submitting a Form 25 Notification of Delisting to the Securities and Exchange Commission once any applicable appeal periods have expired. In the interim, Stryve Foods’ Class A common stock is expected to transition to trading on the OTC Markets system under its current symbol.

The company has 15 days from the date of receiving the Panel’s decision to formally request a review from the Nasdaq Listing and Hearing Review Council. Alternatively, the Council retains the right to review the Panel’s ruling within 45 calendar days from when Stryve Foods was notified of the decision.

As of the report dated February 5, 2025, the Securities Exchange Act of 1934 mandates that the filing be authenticated by R. Alex Hawkins, the Chief Financial Officer of Stryve Foods, Inc.

Overall, the impending shift to OTC Markets marks a significant development for Stryve Foods as it navigates delisting from the Nasdaq, with the company looking to address the regulatory concerns that led to this action.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Stryve Foods’s 8K filing here.

Stryve Foods Company Profile

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.