Safety Shot(SHOT)
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Safety Shot Announces Strategic Alliance with Bonk Founding Contributors, Initiating BONK Treasury Strategy
GlobeNewswire News Room· 2025-08-11 12:30
Core Insights - Safety Shot, Inc. has formed a strategic alliance with the founding contributors of BONK, receiving an initial allocation of BONK tokens valued at approximately $25 million, while issuing Preferred Shares worth $35 million that are convertible into common stock [1][2][5] - The decision to focus on BONK as a core treasury asset is based on its advantages over competitors, including high-speed, low-cost transactions on the Solana blockchain, and a deflationary tokenomics model that enhances long-term value [3][4] - As of July 31, BONK has a market capitalization exceeding $2 billion, making it the fourth-largest memecoin globally, with over 980,000 on-chain holders, indicating significant adoption [4] Financial Position - Safety Shot has settled all outstanding debt and currently holds over $15 million in cash, positioning itself with a strong balance sheet ahead of the new strategy [2] - The partnership with BONK is expected to enhance Safety Shot's financial position, diversify its asset base, and create new avenues for shareholder value [5] Strategic Direction - The company aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets [7] - The CEO of Safety Shot emphasized that this partnership marks the beginning of a broader corporate evolution, aiming to elevate the company's beverage brands [5]
Safety Shot Appoints Markita Russell as Chief Financial Officer
Globenewswire· 2025-07-31 20:05
Core Viewpoint - Safety Shot, Inc. has appointed Markita L. Russell as the new Chief Financial Officer, bringing over 30 years of financial and accounting experience to the role, which is expected to support the company's growth and strategic initiatives [1][4]. Company Overview - Safety Shot, Inc. is a wellness and dietary supplement company known for its product Sure Shot, which is designed to lower blood alcohol content while enhancing clarity, energy, and mood [5]. - The company is expanding its business-to-business sales of Sure Shot to various distributors, retailers, restaurants, and bars throughout 2025 [5]. Leadership Background - Markita L. Russell has been with Safety Shot since August 2021 as the Controller and has a strong background in managing financial operations across diverse industries, including beverage, law, technology, and real estate [2][3]. - Notably, she played a key role in growing a marine industry company from $7 million in gross revenue in 2012 to $56.8 million by the end of 2020, showcasing her capability in managing significant growth [3]. Strategic Importance - The CEO of Safety Shot, Jarrett Boon, expressed confidence in Russell's financial acumen and her experience in the beverage industry, which will be crucial for the company's expansion and integration of new strategic initiatives [4]. - Russell emphasized her commitment to fortifying the company's financial operations and driving long-term shareholder value during this pivotal time for Safety Shot [4].
CORRECTING AND REPLACING - Safety Shot Announces Pricing of $10.6 Million Registered Direct Offering and Private Placement for Total Gross Proceeds of $16.3 Million.
GlobeNewswire News Room· 2025-07-23 12:30
Core Viewpoint - Safety Shot, Inc. has announced a registered direct offering and concurrent private placement to raise approximately $16.3 million, which will strengthen its balance sheet and support its operations following the recent merger approval with Yerbaé [1][3][5]. Group 1: Offering Details - The company is offering 22,993,492 shares of common stock at a price of $0.461 per share [1]. - In addition, warrants to purchase up to 45,986,984 shares of common stock have been issued, with a purchase price of $0.125 per warrant and an exercise price of $0.461 per share [2]. - The gross proceeds from both the registered direct offering and the private placement are expected to be around $16.3 million before fees and expenses [3]. Group 2: Strategic Importance - The CEO of Safety Shot emphasized that this financing is crucial for the company at a pivotal time, enhancing the balance sheet and providing necessary capital for daily operations and integration post-merger [5]. - The company aims to accelerate its commercial footprint and drive long-term value for shareholders with this capital infusion [5]. Group 3: Regulatory Information - The shares are being offered under a shelf registration statement filed with the SEC, which was declared effective on November 9, 2022 [4]. - A prospectus supplement detailing the terms of the offering will be filed with the SEC and made available on their website [4]. Group 4: Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, with its flagship product, Sure Shot, designed to lower blood alcohol content while enhancing clarity and mood [7]. - The product is available for purchase on various online platforms, including Walmart and Amazon [7].
Safety Shot Announces Pricing of $10.6 Million Registered Direct Offering
Globenewswire· 2025-07-21 22:20
Group 1 - Safety Shot, Inc. announced a registered direct offering of 28,648,648 shares of common stock at a price of $0.37 per share, raising approximately $10.6 million in gross proceeds [1][2]. - In a concurrent private placement, the company issued warrants to purchase up to 57,297,296 shares of common stock, with an exercise price of $0.37 per share, exercisable immediately and expiring in five years [2]. - The closing of the offering is expected to occur on or about July 22, 2025 [3]. Group 2 - The shares are being offered under a shelf registration statement filed with the SEC, which was declared effective on November 1, 2024 [4]. - The CEO of Safety Shot emphasized that this financing is crucial for strengthening the balance sheet and supporting expanded operations following the recent merger approval with Yerbaé [5]. - Dominari Securities, LLC acted as the exclusive placement agent for the offering [5]. Group 3 - Safety Shot, Inc. is known for its patented wellness product, Sure Shot, which lowers blood alcohol content while enhancing clarity, energy, and mood [7].
Safety Shot Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-07-16 12:30
Core Points - Safety Shot, Inc. has received a 180-calendar day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by December 29, 2025 [1][4] - The company meets all other Nasdaq listing requirements except for the bid price, and has expressed intention to address this deficiency during the compliance period [2] - The company's common stock will continue to trade on Nasdaq under the ticker symbol "SHOT" without immediate effect from this notification [3] Company Strategy - The CEO of Safety Shot has indicated that the Board of Directors has approved several strategic options to meet the bid price requirement [4] - The company aims to maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the compliance period to regain compliance [4] - If compliance is not achieved by the deadline, the company may appeal any delisting decision to a Nasdaq Hearings Panel [4] Product Information - Safety Shot, Inc. specializes in wellness and dietary supplements, with its flagship product, Sure Shot, designed to lower blood alcohol content while enhancing clarity, energy, and mood [5]
Safety Shot Completes Acquisition of Yerbae Brands Corp.
Globenewswire· 2025-06-27 13:28
Core Insights - Yerbaé Brands Corp. has successfully completed a business combination with Safety Shot, Inc., where Safety Shot acquired all outstanding shares of Yerbaé [1][2] - The transaction was executed through a court-approved plan of arrangement, resulting in Safety Shot shareholders owning approximately 81.64% of the combined company, while former Yerbaé shareholders own about 18.36% [2][3] Transaction Overview - Under the arrangement agreement dated January 7, 2025, Safety Shot acquired all Yerbaé shares, with each Yerbaé shareholder receiving 0.2918 of a Safety Shot share for each Yerbaé share held [3] - The total number of Safety Shot shares issued in the transaction was 19,881,948 [2] - Yerbaé shares will be delisted from the TSX Venture Exchange and OTCQX effective June 30, 2025 [3] Shareholder Information - Yerbaé shareholders with physical share certificates must submit a Letter of Transmittal to receive their Safety Shot shares [4] - For shareholders holding shares in book-entry form or brokerage accounts, the exchange of shares is automatic [5] Company Profiles - Safety Shot, Inc. specializes in wellness and dietary supplements, notably developing Sure Shot, a patented product that lowers blood alcohol content while enhancing clarity and energy [6] - Yerbaé Brands Corp. produces plant-based energy beverages that are zero calorie, zero sugar, and cater to various dietary preferences, aiming to disrupt the energy beverage market [7] Advisory Information - Maxim Group LLC acted as the exclusive financial advisor to Safety Shot during the merger [8] - Legal counsel for Yerbaé was provided by Cozen O'Connor LLP, while Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. served as legal counsel for Safety Shot [9]
Safety Shot Provides Update on Expected Closing of Yerbaé Brands Corp. Acquisition
Globenewswire· 2025-06-20 12:30
Acquisition Update - Safety Shot, Inc. has announced an update regarding the acquisition of Yerbaé Brands Corp., with the closing expected to finalize next week after stockholder approval on June 12, 2025 [1][2] - The delay in closing is attributed to the need for final administrative steps and scheduling adjustments following a shortened holiday week [2] Company Profiles - Safety Shot, Inc. is a wellness and dietary supplement company known for its patented product, Sure Shot, which lowers blood alcohol content while enhancing clarity, energy, and mood [4] - Sure Shot is available for purchase online and the company plans to expand its business-to-business sales throughout 2025 [4] - Yerbaé Brands Corp. is a plant-based functional beverage company that offers zero-sugar, zero-calorie energy drinks, appealing to health-conscious consumers [5]
Safety Shot, Inc. and Yerbaé Brands Corp Majority Shareholders Approve Proposed Acquisition of Yerbaé Brands Corp.
Globenewswire· 2025-06-13 12:30
Core Viewpoint - Safety Shot, Inc. has received majority shareholder approval for the acquisition of Yerbaé Brands Corp., marking a significant strategic move in the wellness and functional beverage market [1][2][3]. Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, notably its patented Sure Shot™ product, which reduces blood alcohol content while enhancing clarity and energy [5]. - Yerbaé Brands Corp. is a plant-based functional beverage company known for its zero-sugar, zero-calorie energy drinks, appealing to health-conscious consumers [6]. Acquisition Details - The acquisition was approved during a Special Meeting of Stockholders and is expected to close next week, with the combined entity continuing under the name Safety Shot, Inc. and trading on Nasdaq under the ticker "SHOT" [2][3]. - The merger aims to leverage Yerbaé's distribution network to enhance the growth of both brands, creating a stronger presence in the functional beverage market [3]. Future Plans - Following the merger, the company plans to announce further details and will file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission [4]. - Safety Shot is also expanding its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].
Safety Shot, Inc. Developing Next-Generation Nootropic and Sleep Solutions by leveraging Core 'Feel Better Fast' Expertise
Globenewswire· 2025-06-03 12:30
Core Insights - Safety Shot, Inc. is expanding its patented wellness approach into the high-growth cognitive and restorative sleep markets, focusing on scientific rigor and unique formulations [1][3] - The company aims to leverage its expertise in developing its existing product, Sure Shot, to create new nootropic and sleep aid products [3][4] Company Developments - Safety Shot is initiating research and development for new product lines targeting nootropics and sleep aids, with prototypes expected later this year [1][6] - The company emphasizes a commitment to efficacy and tangible results, with a focus on advanced technologies to create distinct advantages in the market [4][6] Market Potential - The global nootropics supplements market is valued at approximately $6.5 billion and is projected to exceed $14.9 billion by 2034, with a compound annual growth rate (CAGR) of 8.7% [5] - The sleep-related supplements market was valued at $6.8 billion in 2023, with an anticipated CAGR of 5.1%, reaching $11.8 billion by 2034 [5] Product Focus - The new nootropic product will be engineered to enhance focus, cognition, and overall brain health for daily use [7] - The sleep aid aims to improve sleep quality and duration, addressing the critical role of sleep in productivity and mental clarity, with a unique formulation not typically found in existing products [7]
Safety Shot Reminds Shareholders to Vote Their Proxy at the Upcoming Annual Shareholder Meeting
Globenewswire· 2025-05-29 12:00
Core Viewpoint - Safety Shot, Inc. is holding its Annual Shareholders' Meeting on June 12, 2025, in a virtual format, emphasizing the importance of shareholder participation and voting [1][4]. Meeting Details - The meeting will commence at 11:00 AM EDT and requires prior registration for attendance [1]. - The record date for stockholders entitled to vote is April 28, 2025 [2]. Proxy Proposals - Several key proposals will be voted on during the meeting, including: 1. Approval of the issuance of Safety Shot Shares to Yerbaé Shareholders [5]. 2. Amendment to the Safety Shot 2024 equity incentive plan to increase the number of shares reserved for issuance [5]. 3. Authorization for the issuance of promissory notes and shares related to a securities offering completed on January 20, 2025 [5]. 4. Approval for the issuance of up to 20,000,000 Safety Shot Shares to Core 4 Capital Corp. in non-public offerings [5]. 5. Granting authority for a reverse stock split within a specified range [5]. 6. Proposal for adjournment of the meeting if necessary to solicit additional proxies [5]. Voting Information - Shareholders received a Notice of Internet Availability of Proxy Materials in early May, detailing how to access the Proxy Statement and annual report [3]. - Voting can be conducted via internet, telephone, or mail, with dedicated phone numbers provided for assistance [1][3]. Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, with its flagship product, Sure Shot, designed to lower blood alcohol content while enhancing clarity and energy [5][6]. - The company plans to expand its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [6].