The Partnership Aims to Provide More Access For Consumers In Diversified Retail Locations JUPITER, FL, June 03, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (NASDAQ:SHOT) (the "Company), announced today its strategic partnership with Mr. Checkout, a national network of independent distributors, full-line grocery distributors, and wagon-jobbers. This partnership marks a significant milestone in Safety Shot's mission to provide a revolutionary solution for responsible alcohol consumption to the masses. "We are ...

Innovative Formula To Be Available in Portable Format for Enhanced Accessibility and Convenience JUPITER, Fla., June 3, 2024 /PRNewswire/ -- Safety Shot, Inc. (Nasdaq: SHOT) (the "Company), announced today the launch of its revolutionary formula in new, convenient 4-ounce bottles. Designed for easy on-the-go use, this new format ensures that customers can enjoy the benefits of Safety Shot's groundbreaking formula anytime, anywhere. Safety Shot is a first of its kind functional beverage crafted with Essentia ...

Innovative Formula To Be Available in Portable Format for Enhanced Accessibility and Convenience JUPITER, FL, June 03, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (NASDAQ:SHOT) (the "Company), announced today the launch of its revolutionary formula in new, convenient 4-ounce bottles. Designed for easy on-the-go use, this new format ensures that customers can enjoy the benefits of Safety Shot's groundbreaking formula anytime, anywhere. Safety Shot is a first of its kind functional beverage crafted with Essent ...

Innovative Formula To Be Available in Portable Format for Enhanced Accessibility and Convenience JUPITER, FL, June 03, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the "Company), announced today the launch of its revolutionary formula in new, convenient 4-ounce bottles. Designed for easy on-the-go use, this new format ensures that customers can enjoy the benefits of Safety Shot's groundbreaking formula anytime, anywhere. Safety Shot is a first of its kind functional beverage crafted with Essen ...

The Partnership Aims to Grow Market Reach In the Region and Enhance Accessibility JUPITER, FL, May 30, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the "Company), announced today its strategic partnership with BM Distributors, a prominent Las Vegas-based beverage distribution company. This collaboration aims to leverage BM Distributors' extensive industry experience and local market knowledge to enhance the availability and reach of Safety Shot products across the Las Vegas area. Safety Shot i ...

The Partnership Aims to Grow Market Reach In the Region and Enhance Accessibility JUPITER, FL, May 30, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the "Company), announced today its strategic partnership with BM Distributors, a prominent Las Vegas-based beverage distribution company. This collaboration aims to leverage BM Distributors' extensive industry experience and local market knowledge to enhance the availability and reach of Safety Shot products across the Las Vegas area. Safety Shot i ...

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) For the quarter ended March 31, 2024, Safety Shot, Inc. reported a significant increase in net loss to $15.7 million, compared to a $1.3 million loss in the prior-year period. This was driven by high operating expenses, including a substantial inventory write-off and stock-based compensation, despite a rise in revenue to $170,732 following the launch of its new product. The balance sheet reflects a decrease in cash and total assets, and the company's auditors have raised substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flow from operations [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, the company's total assets decreased to $9.2 million from $12.7 million at year-end 2023. The decline was primarily due to a reduction in cash and marketable securities. Total liabilities remained relatively stable at $3.6 million, while total shareholders' equity fell from $8.8 million to $5.6 million, largely due to the net loss incurred during the quarter Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $2,046,355 | $3,833,349 | | Total current assets | $4,344,429 | $7,690,824 | | Total assets | $9,214,880 | $12,709,180 | | **Liabilities & Equity** | | | | Total current Liabilities | $3,396,925 | $3,587,137 | | Total liabilities | $3,644,366 | $3,892,044 | | Total Shareholders' Equity | $5,570,514 | $8,817,136 | [Condensed Consolidated Statement of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Operations) For the three months ended March 31, 2024, the company's revenue increased to $170,732 from $34,788 in the same period of 2023. However, a significant increase in cost of sales to $2.4 million resulted in a gross loss of $2.2 million. Operating expenses surged to $12.96 million, leading to a net loss of $15.7 million, or ($0.33) per share, a substantial increase from the $1.3 million net loss, or ($0.05) per share, in Q1 2023 Statement of Operations Summary (Unaudited) | Metric | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | Sales | $170,732 | $34,788 | | Cost of Sales | $2,383,285 | $23,965 | | Gross profit (loss) | ($2,212,553) | $10,823 | | Total operating expenses | $12,956,552 | $1,244,953 | | Net loss | ($15,674,671) | ($1,308,174) | | Net loss per share (Basic) | ($0.33) | ($0.05) | [Condensed Consolidated Statement of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the first quarter of 2024, net cash used in operating activities was $6.4 million, a significant increase from $1.2 million in the prior-year period. Net cash provided by investing activities was $0.8 million from the sale of marketable securities. Financing activities provided $3.8 million, primarily from warrant conversions. Overall, cash and cash equivalents decreased by $1.8 million, ending the period at $2.0 million Cash Flow Summary (Unaudited) | Activity | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | Net cash (used in) operating activities | ($6,387,929) | ($1,169,019) | | Net cash provided by investing activities | $808,720 | $0 | | Net cash provided by financing activities | $3,792,215 | $3,150,675 | | **Net (decrease) in cash** | **($1,786,994)** | **$1,999,876** | | **Cash at end of period** | **$2,046,355** | **$3,477,428** | [Notes to the Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes detail the company's transformation into Safety Shot, Inc. after acquiring the Safety Shot product in August 2023, highlighting a 'Going Concern' consideration due to significant deficits and cash burn - The company was formerly known as Jupiter Wellness Inc. and changed its name to Safety Shot, Inc. in August 2023 after acquiring the Safety Shot product, which it launched in December 2023[27](index=27&type=chunk) - Auditors have raised substantial doubt about the Company's ability to continue as a going concern due to accumulated deficits of **$81.4 million** and cash used in operations of **$6.4 million** for the quarter[30](index=30&type=chunk) - The company took a **$1,744,714** inventory write-down for certain raw materials and finished goods during Q1 2024 due to rebranding issues[41](index=41&type=chunk) - Subsequent to the quarter end, the company raised **$5,000,000** through a private placement of **2,369,668 shares** of its common stock[125](index=125&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's strategic shift to focus on the commercialization of the Safety Shot dietary supplement following its acquisition in August 2023, leading to a substantial net loss of $15.7 million for Q1 2024 despite revenue growth - The company's primary focus is the commercialization of its Safety Shot Dietary Supplement, launched in December 2023. It is also developing a powdered stick pack version and pursuing placement in Big Box stores[132](index=132&type=chunk)[135](index=135&type=chunk)[136](index=136&type=chunk) - The company is an 'emerging growth company' and has elected to use the extended transition period for complying with new or revised financial accounting standards[163](index=163&type=chunk)[164](index=164&type=chunk) [Results of Operations](index=38&type=section&id=Results%20of%20Operations) Comparing the three months ended March 31, 2024, to the same period in 2023, revenues increased due to the Safety Shot beverage launch, but a significant increase in cost of goods sold and operating expenses led to a widened net loss Comparison of Operations for Three Months Ended March 31 | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Sales | $170,732 | $34,788 | | Gross Profit (Loss) | ($2,212,553) | $10,823 | | Total operating expenses | ($12,956,552) | ($1,244,953) | | Net loss | ($15,674,671) | ($1,308,174) | - The increase in cost of sales was attributed to startup costs for the Safety Shot Beverage and a one-time inventory write-off of **$1,744,714** for rebranding[192](index=192&type=chunk) - Key operating expenses for Q1 2024 included **$1,450,773** for marketing, **$2,382,950** for legal and professional fees, and **$8,090,534** for stock-based compensation[194](index=194&type=chunk)[195](index=195&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is not required to provide information for this item as it qualifies as a 'smaller reporting company' - As a 'smaller reporting company', the registrant is exempt from this disclosure requirement[199](index=199&type=chunk) [Controls and Procedures](index=40&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were ineffective as of the end of the reporting period due to a small team and lack of a fulsome internal control framework, with remediation efforts underway - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were ineffective[201](index=201&type=chunk) - Reasons for ineffectiveness include an insufficient degree of segregation of duties and the lack of formalized policy documentation. The company plans to expand its management team to remediate these issues[201](index=201&type=chunk)[202](index=202&type=chunk) [PART II - OTHER INFORMATION](index=42&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in several legal proceedings, defending against multiple lawsuits primarily alleging breach of contract related to stock warrants, while also having won a default judgment in its own lawsuit against Capybara Research and settled a trademark infringement case with Coachella Music Festival - The company is defending against multiple lawsuits from entities including Intracoastal Capital, Sabby Volatility Warrant Master Fund, 3i LP, Bigger Capital, and Alta Partners, primarily concerning stock warrants[208](index=208&type=chunk)[211](index=211&type=chunk)[213](index=213&type=chunk) - The company was awarded a Default Judgment in its lawsuit against Capybara Research and Igor Appelboom for securities fraud and tortious interference regarding a defamatory article[210](index=210&type=chunk) - A lawsuit with Coachella Music Festival, LLC regarding trademark infringement was settled, with the company agreeing to cease related activities and make a monetary payment that is not expected to be material[215](index=215&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) As a 'smaller reporting company', Safety Shot, Inc. is not required to provide the information for this item - The company is not required to provide risk factor disclosures as it qualifies as a 'smaller reporting company'[219](index=219&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the first quarter of 2024, the company issued a total of 812,000 unregistered shares of common stock for services and to settle pre-existing obligations - Issued **450,000 shares** of common stock for services, valued at **$614,500**[220](index=220&type=chunk) - Issued **362,000 shares** of common stock to settle obligations from 2023, including **100,000 shares** for consulting agreements and **262,000 shares** related to a promissory debt modification[220](index=220&type=chunk)[221](index=221&type=chunk) [Defaults Upon Senior Securities](index=43&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - None[222](index=222&type=chunk) [Mine Safety Disclosures](index=43&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[223](index=223&type=chunk) [Other Information](index=43&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[226](index=226&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include the CEO and CFO certifications pursuant to Sarbanes-Oxley Sections 302 and 906, and the Interactive Data Files (XBRL) - The exhibits filed include Section 302 and 906 certifications by the Principal Executive Officer and Principal Financial Officer, as well as XBRL Interactive Data Files[225](index=225&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 Commission File Number: 001-39569 Safety Shot, Inc. (Exact name of registrant as specified in its charter) DELAWARE 83-2455880 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to__________________ Commission File Number 001-39569 SAFETY SHOT, INC. (Exact name of registrant as specified in charter) (Formerly known as Jupit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-39569 JUPITER WELLNESS, INC. (Exact name of registrant as specified in charter) Delaware 83-2455880 (Stat ...