Item
8.01. Other Items.
On
January 28, 2021, Andina Acquisition Corp. III, a company organized in the Cayman Islands (“Andina”), announced
that it had entered into a Business Combination Agreement (the “Business Combination Agreement”) pursuant to
which, subject to the terms and conditions set forth therein, Andina will, among other things, reincorporate from the Cayman Islands
to the State of Delaware and complete certain contribution and other business combination transactions (the “Transactions”)
with Stryve Foods, LLC, a Texas limited liability company (the “Company”), a healthy snack platform, following
which the business of the Company will continue to be operated under the name “Stryve.” Prior to the Transactions,
the Company will complete an internal reorganization with Stryve Foods Holdings, LLC, a Texas limited liability company (the “Seller”).
On
March 4, 2021, the Company issued a press release announcing that the Company will participate in four investor conferences during
the month of March. The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
ADDITIONAL
INFORMATION
Forward-Looking
Statements
Certain
statements made herein contain, and certain oral statements made by representatives of Andina, the Company and their respective
affiliates (including the Seller), from time to time may contain, “forward-looking statements” within the meaning
of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Andina’s and the Company’s
actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“might” and “continues,” and similar expressions are intended to identify such forward-looking statements.
These forward-looking statements include, without limitation, Andina’s, the Company’s and the Seller’s expectations
with respect to future performance and anticipated financial impacts of the Transactions, the satisfaction of the closing conditions
to the Transactions and the timing of the completion of the Transactions. These forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are
outside of the control of Andina, the Company or the Seller and are difficult to predict. Factors that may cause such differences
include but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination
of the Business Combination Agreement; (2) the inability to complete the Transactions, including due to the failure to obtain
approval of the shareholders of Andina or other conditions to closing in the Business Combination Agreement; (3) the inability
to obtain or maintain the listing of Andina’s common stock on Nasdaq following the Closing; (4) the risk that the Transactions
disrupt current plans and operations of the Company as a result of the announcement and consummation of the Transactions; (5)
the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition,
the ability of the combined company to grow and manage growth economically and hire and retain key employees; (6) costs related
to the Transactions; (7) changes in applicable laws or regulations; (8) the possibility that Andina or the Company may be adversely
affected by other economic, business, and/or competitive factors; and (9) the impact of the global COVID-19 pandemic on any of
the foregoing risks and other risks and uncertainties to be identified in the proxy statement/prospectus (when available) relating
to the Transactions, including those under “Risk Factors” therein, and in other filings with the SEC made by Andina.
The foregoing list of factors is not exclusive. Readers are referred to the most recent reports filed with the SEC by Andina.
Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Andina,
the Company and the Seller undertake no obligation to update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, subject to applicable law.
No
Offer or Solicitation
This
Current Report on Form 8-K and the exhibits hereto do not constitute a solicitation of a proxy, consent or authorization with
respect to any securities or in respect of the Transactions. This Current Report on Form 8-K shall also not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended, or an exemption therefrom.