NEW YORK — Andina Acquisition Corp. announced a special meeting of shareholders as it moves toward combining its business with biltong and meat snack maker Stryve Foods. The special meeting will be held on July 19.
This comes after a declaration of effectiveness by the US Securities and Exchange Commission.
The merger agreement was first announced by the two parties in February. When the transaction is finished, the combined company will be renamed Stryve Foods Inc. and is expected to remain listed on the Nasdaq under the ticker SNAX.
Stryve produces air-dried meat products, including South African-style biltong and Latin American-style carne seca. In December 2020, the company acquired Kalahari Biltong. The company’s products are available online and in more than 17,000 retail outlets across the United States and Canada. The company expects to generate about $51 million in revenue in 2021.