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Safety Shot, Inc. to Become Bonk, Inc., to Trade on Nasdaq Under New Ticker Symbol “BNKK”
Globenewswire· 2025-10-09 13:32
Core Viewpoint - The company has rebranded from Safety Shot, Inc. to Bonk, Inc. to align with its strategic transformation into a leader in the public markets and the digital asset ecosystem [1][3][4] Company Transformation - The rebranding signifies the completion of the company's strategic pivot towards the multi-billion dollar BONK ecosystem, driven by the acquisition of a revenue-sharing interest in the profitable memecoin launchpad letsBONK.fun [3][4] - The new name reflects the company's mission to build shareholder value by acting as a public market proxy for the BONK community's growth and success [3][4] Trading Information - The company will begin trading under the new name and ticker symbol "BNKK" on the Nasdaq Capital Market starting October 10, 2025 [2][4] Leadership Statements - The CEO emphasized that the name change is a significant step in the company's transformation, aiming to create a leading digital asset treasury through revenue sharing and integration with the BONK ecosystem [4] - A board member highlighted that the transformation provides a unique opportunity for public investors to engage with the BONK community and benefit from the revenue streams generated by letsBONK.fun and the management of the BONK treasury [4] Company Background - Bonk, Inc. aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space to build a robust digital asset treasury [5]
Safety Shot Partners with Monarq Asset Management to Actively Manage BONK Holdings Treasury
Globenewswire· 2025-09-25 13:02
Core Insights - Safety Shot, Inc. has formed a strategic alliance with Monarq Asset Management to actively manage its BONK Holdings LLC subsidiary, aiming to enhance shareholder value and generate yield from its digital asset treasury [1][2][3] Group 1: Strategic Alliance and Management - The partnership with Monarq Asset Management is intended to create a self-sustaining financial model for Safety Shot, leveraging over $50 million in BONK tokens [2][3] - Monarq will employ sophisticated, institutional-grade strategies for active treasury management, focusing on yield generation and wealth preservation [6] Group 2: Revenue Generation and Growth Strategy - The active management strategy aims to generate sufficient yield to cover the company's public operating expenses, creating a new revenue stream separate from its existing 10% revenue sharing interest in letsBONK.fun [2][3] - Safety Shot is transitioning into a premier public vehicle for investors to gain exposure to the BONK ecosystem, supported by real revenue and advanced asset management [3][4] Group 3: Expertise and Vision - Monarq's expertise in quantitative trading and derivatives is expected to enhance the monetization of BONK holdings, aiming for significant returns and shareholder value protection [3] - The alliance is seen as a critical step in professionalizing Safety Shot's treasury and executing its vision at a high level [3]
Safety Shot Secures $30 Million Strategic Investment From BONK Core Team and FalconX
Globenewswire· 2025-08-25 12:30
Core Insights - Safety Shot, Inc. has successfully priced a $30 million financing, which includes a registered direct offering of approximately $5 million in cash and a private placement of $25 million paid in BONK tokens, with shares priced at $0.46 each [1][2] - The investment reflects significant demand for the company's new strategic direction, providing a fortified balance sheet to support aggressive growth strategies [2][3] - The transaction marks a pivotal shift in public companies' engagement with the digital asset space, as Safety Shot acquires a direct stake in the profitable BONK ecosystem, creating a recurring revenue stream [3][4] Financial Details - The financing consists of $5 million in cash and $25 million in BONK tokens, with a total offering of $30 million [1] - Shares are priced at $0.46 each, indicating a structured approach to capital raising [1] Strategic Direction - The company aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [7] - The partnership with BONK is seen as a foundation for creating a new model for value creation, enhancing the company's growth potential [4][3] Management Commentary - The CEO of Safety Shot emphasized the significance of the investment, highlighting the capital and resources brought by strategic investors to ensure success [4] - Mitchell Rudy, a key figure in BONK, expressed confidence in the partnership, indicating a long-term vision for the ecosystem [4]
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]