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New Deal


Announced

Completed

Stryve Foods went public via a SPAC merger with Andina Acquisition III in a $170m deal.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

protein snacks

Reverse Takeover

healthy snacks

Food Products

Majority

United States

Single Bidder

Merger

Domestic

De-SPAC

Completed

Synopsis

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Stryve Foods, a snacks producer, went public via a SPAC merger with Andina Acquisition III, a special purposes acquisition company, in a $170m deal. “Andina is pleased to announce the closing of our Business Combination with Stryve. Jaxie, Joe, Alex and the Stryve team are truly changing the way Americans snack. Our belief is that Stryve is poised for rapid growth and value creation thanks to their visionary and highly capable leadership,” Luke Weil, Andina Chairman and Julio A. Torres, Andina CEO.

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