Laurence Lytton discloses 9.99% Stryve Foods (SNAX) ownership stake
Rhea-AI Filing Summary
Stryve Foods, Inc. received an amended Schedule 13G showing that Laurence W. Lytton and the Lytton-Kambara Foundation each beneficially own 414,755 shares of Class A common stock, representing 9.99% of the class, with shared voting and dispositive power.
The filing notes that the reported interest arises from warrants and convertible preferred stock that are each subject to a 9.99% beneficial ownership limitation, and the percentage is based on 3,736,952 Class A shares outstanding as of November 13, 2024. The filers certify the holdings are not for the purpose of changing or influencing control of Stryve Foods.
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FAQ
What stake in Stryve Foods (SNAX) is reported in this Schedule 13G/A?
The Schedule 13G/A reports beneficial ownership of 414,755 Stryve Foods Class A common shares, equal to 9.99% of the class. This percentage is calculated against 3,736,952 shares outstanding as of November 13, 2024, as referenced in the company’s Form 10-Q.
Who are the reporting persons in the Stryve Foods (SNAX) Schedule 13G/A?
The reporting persons are Laurence W. Lytton and the Lytton-Kambara Foundation. Each is shown as beneficially owning 414,755 Class A shares, with shared voting and shared dispositive power, and no sole voting or dispositive authority over the reported securities.
How much voting power do the Stryve Foods (SNAX) reporting holders have?
Laurence W. Lytton and the Lytton-Kambara Foundation each report zero sole voting power and shared voting power over 414,755 Class A shares. They also report shared dispositive power over the same amount, indicating decisions are made jointly rather than individually.
Is the 9.99% Stryve Foods (SNAX) stake intended to influence control of the company?
The filers state the securities were not acquired and are not held to change or influence control of Stryve Foods. They certify the holdings are passive and not part of any transaction or group formed with the purpose of influencing corporate control.
What securities underlie the reported Stryve Foods (SNAX) beneficial ownership?
The filing explains the Class A interest includes warrants to purchase 197,779 Class A shares and 2,919,239 Class A shares issuable upon conversion of convertible preferred stock. Both the warrants and preferred stock are subject to a 9.99% beneficial ownership limitation on exercisability or conversion.