Brief: Stryve Foods LLC To List On Nasdaq Through Business Combination With Andina Acquisition Corp III

Stryve Foods

28/01/2021 12:33

Jan 28 (Reuters) - Andina Acquisition Corp III  ANDA.O :
    * STRYVE FOODS LLC, AN EMERGING HEALTHY SNACKING PLATFORM,
TO LIST
ON NASDAQ THROUGH BUSINESS COMBINATION WITH ANDINA ACQUISITION
CORP. III
    * ANDINA ACQUISITION CORP III - TRANSACTION IMPLIES A
POST-MONEY
ENTERPRISE VALUATION FOR COMBINED COMPANY OF ABOUT $170 MILLION
AT CLOSING
    * ANDINA ACQUISITION CORP III - ANTICIPATED THAT COMBINED
COMPANY
WILL HAVE $58 MILLION OF NET CASH PROCEEDS
    * ANDINA ACQUISITION CORP III - ANDINA AND STRYVE RAISED
OVER $50
MILLION OF FULLY COMMITTED CAPITAL
    * ANDINA ACQUISITION CORP III - COMBINED COMPANY WILL BE
NAMED
STRYVE FOODS, INC. AND REMAIN LISTED ON NASDAQ UNDER TICKER SNAX
    * ANDINA ACQUISITION CORP III - STRYVE SIMULTANEOUSLY HAS
SECURED
A $10.6 MILLION BRIDGE NOTE OFFERING

Source text for Eikon:  ID:nGNXmbPSH 
Further company coverage:  ANDA.O 

 ((Reuters.Briefs@thomsonreuters.com;))