STRYVE FOODS, INC. : Notice of expungement or non-compliance with a continuing registration rule or standard; Transfer of Enrollment (Form 8-K)

Section 3.01 Notice of Cancellation or Non-Compliance with a Rule or Standard for Maintaining Listing; Registration transfer.

On August 4, 2022, Stryve Foods, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “staff”) of the
Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price of the Company’s Class A common stock has been below the minimum price $1.00 per share required to maintain listing on the Nasdaq Capital Markets pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). Nasdaq’s deficiency letter does not have an immediate effect on the listing of the company’s Class A common stock, and its Class A common stock will continue to trade on the Nasdaq Capital Market under the symbol ” SNAX” for now.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 31, 2023, to regain compliance with Rule 5550(a)(2). If at any time before January 31, 2023the bid price for the Company’s Class A common shares closes at $1.00 per share or more for at least 10 consecutive business days, Personnel will provide written confirmation that the Company has achieved compliance.

If the Company does not regain compliance with Rule 5550(a)(2) by January 31, 2023, the Company may be granted a second period of 180 calendar days to restore compliance. To be eligible, the Company would be required to meet the continued listing requirement for the market value of shares held by the public and all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to provide written notice to Nasdaq of its intention to remedy the breach during the second compliance period.

The Company intends to actively monitor the closing bid price of its Class A common stock and will review available options to resolve the issue and restore compliance with Rule 5550(a)(2).

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