Stryve Foods Inc. Faces Loan Acceleration After Default Under Revenue Loan Agreement With Decathlon Alpha V, L.P
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Stryve Foods Inc. has received a notice of default from Decathlon Alpha V, L.P. after failing to make a required payment on its Revenue Loan Agreement. The outstanding loan balance is $7,465,695, which includes accrued interest and penalties. Following the default, Decathlon has the right to accelerate the loan and may take possession of the collateral. As of now, Stryve Foods has not received a waiver or repayment demand from the lender.
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