Core Viewpoint - SRM Entertainment, Inc. has entered into a lock-up agreement with Safety Shot, Inc. for 2,347,142 shares, representing approximately 13.7% of its outstanding shares, effective February 10, 2025, which restricts sales until January 1, 2026, indicating a commitment to long-term stability and growth [1][2][3]. Group 1 - The lock-up agreement aims to create an orderly trading market for SRM Entertainment's shares and reflects the shareholder's confidence in the company's future prospects [2]. - This agreement aligns the interests of Safety Shot, Inc. with other shareholders, promoting long-term value creation [2]. - CEO Rich Miller emphasized that the agreement is a significant vote of confidence in SRM Entertainment's strategic direction and growth potential, reinforcing the company's commitment to building long-term value [3]. Group 2 - SRM Entertainment designs, develops, and manufactures custom merchandise, including toys and souvenirs for major theme parks and entertainment venues, with products based on multi-billion-dollar franchises [4]. - The company's products are distributed globally at renowned locations such as Walt Disney Parks and Resorts and Universal Parks and Destinations, enhancing its market presence [4]. - SRM's design team has created specialty products for various attractions, showcasing its innovative capabilities in the entertainment merchandise sector [4].
SRM Entertainment Announces Lock-Up Agreement with Major Shareholder, Reinforcing Commitment to Long-Term Growth and Shareholder Value