12:53 PM EST, 11/12/2024 (MT Newswires) -- Stryve Foods ( SNAX ) said Tuesday it closed its public offering of about 3.7 million class A common shares at $0.79 per share for total gross proceeds of $2.9 million.

The company said each common share was sold together with two warrants each to purchase one common share. The warrants have an exercise price of $0.79 per share and an exercise period of five years.

Proceeds will be used for working capital and general corporate purposes, it said.

Shares of Stryve Foods ( SNAX ) were down 0.2% in recent trading.