Foley Advises Stryve Foods in Combination with Andina Acquisition Corp.

22 July 2021 Media Contact: Jen Dilworth News

Foley & Lardner LLP announced today it served as legal advisor for its Plano-based client Stryve Foods, LLC (“Stryve”), an emerging healthy snack company disrupting traditional snacking categories, in the business combination with Andina Acquisition Corp. III (“Andina”), a special purpose acquisition company (SPAC).

Stryve seeks to make healthier yet convenient snacking mainstream through its flagship Beef Biltong high-protein meat snack. The company currently offers a variety of all-natural, air-dried meat snacks with no sugar, MSG, gluten, nitrates or preservatives. Stryve sells direct to consumers online via its website and on Amazon, in addition to more than 17,000 retail stores in the U.S. and Canada. 

Shareholders of Andina affirmed the deal, with 99.9 percent of votes cast in favor of the business combination. The business combination closed on July 20, 2021. The combined company became publicly traded on NASDAQ under the tickers “SNAX” and “SNAXW,” respectively, on July 21.

The Foley team was led by partners Chris Converse and Chris Babcock and included partners Paul Broude, John Wolfel, Michael Donohue, Megan Odroniec and Timothy Voigtman, senior counsel Garrett Bishop and associate Rachael Mozelewski.

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