IPO Edge and The Palm Beach Hedge Fund Association hosted a fireside chat with Stryve Foods LLC Thursday, July 8 at 2pm ET to discuss going public and what differentiates the company from other snacking startups. The live event features Stryve Co-CEO & CMO Jaxie Alt, and COO & CFO Alex Hawkins, joined by IPO Edge Editor-in-Chief John Jannarone. The moderated video session runs approximately 60 minutes including a Q&A with the audience.
Stryve Foods specializes in air-dried meat that fits ideally in a healthy diet. The company is going public by merging with Andina Acquisition Corp. III , a special purpose acquisition corporation or SPAC, that raised money to find a target and now trades under the ticker “SNAX” on Nasdaq. Investors including actor Channing Tatum, Los Angeles Chargers quarterback Justin Herbert, as well as institutions, have poured $42.5 million into the transaction, which is set to close in the second quarter. Investors who buy ANDA shares now will see them convert automatically to shares in the newly-formed company, which will then trade under a new ticker: SNAX.
Ms. Alt and Mr. Hawkins discuss:
- How is Stryve different from other snacking startups
- Air dried meat and biltong
- Leadership team
- Going public via SPAC
- Vertical integration, investments
- Brand awareness, channel mix, distribution
- Potential M&A
About the Speakers:
Jaxie Alt has served as Co-Chief Executive Officer of Stryve since January 2020 and Chief Marketing Officer of Stryve since March 2019. From October 2018 through March 2019, Ms. Alt served as the founding member of Meaningful Partners and founder and CEO of Altitude Growth Advisors. Previously, she worked in various positions at Dr Pepper Snapple Group since January 2001, serving at its Exec Vice President and Chief People Officer from July 2017 to July 2018 and its co-Chief Marketing Officer and Senior Vice President from January 2014 through July 2017. Ms. Alt holds a BA in Communication Studies from the University of California Los Angeles and an MBA with a marketing specialization from the University of Texas.
Alex Hawkins has served as Stryve’s Chief Operating Officer since October 2019 and its Interim Chief Financial Officer from October 2020 until February 2021. Prior to joining Stryve, Mr. Hawkins served as a Principal at Rosewood Private Investments, the private equity division of Rosewood Corporation, from 2012 through 2019. He worked in J.P. Morgan’s Private Bank from 2010 through 2012 and before then worked for APQC from 2008 to 2010. Mr. Hawkins holds a BBA in Finance with a minor in Economics and specialization in International Business from Texas A&M University and is a CFA Charterholder.
IPO Edge Contact:
Jarrett Banks, Editor-at-Large