Latest news with #JarrettBoon
Globe and Mail
5 days ago
- Business
- Globe and Mail
Safety Shot Announces Strategic Alliance with Bonk Founding Contributors, Initiating BONK Treasury Strategy
Company to Receive $25 Million in BONK Tokens from Founding Contributors of BONK, Establishing a New Model for Public Company Participation in DeFi SCOTTSDALE, AZ, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT), today announced a groundbreaking strategic alliance with the BONK founding contributors to deeply integrate the Company with the BONK ecosystem. In preparation for this new strategy, the Company has settled all outstanding debt and currently maintains a strong balance sheet with over $15 million in cash. The agreement will see Safety Shot, Inc., receive an initial allocation of BONK tokens valued at approximately $25 million. In consideration, the Company will issue Preferred Shares at a value of $35 million, which are convertible into shares of the Company's common stock. A Strategic Decision to Align with a Market Leader The decision to focus on BONK as the core treasury asset is based on its clear and distinct advantages over its competitors. Built on the high-performance Solana blockchain, BONK benefits from superior technology that enables high-speed, low-cost transactions. This makes it highly efficient for trading and payments, giving it a significant technical edge over competitors like Shiba Inu and Pepe, which are often constrained by the high fees and slower speeds of the Ethereum network. Furthermore, unlike inflationary meme coins such as Dogecoin, BONK features deflationary tokenomics powered by the community. A "burn" mechanism is integrated into its ecosystem by various teams and applications, which permanently removes a portion of the token supply from circulation. This design aims to increase scarcity and support long-term value, powered by the community. As of July 31, BONK holds a market capitalization of over $2 billion, making it the fourth-largest memecoin in the world, according to CoinMarketCap. The token also boasts more than 980,000 on-chain holders, as reported by SolScan, reflecting its widespread adoption. 'This strategic partnership represents the first stage of a much broader corporate evolution for our company,' said Jarrett Boon, CEO of Safety Shot. 'By aligning with one of the most exciting ecosystems in digital assets, we are taking a bold first step. We look forward to sharing more details about the full scope of this strategy with our shareholders in the coming days as we continue to lead our beverage brands to new heights.' This partnership is expected to enhance Safety Shot's financial position, diversify its asset base, and unlock new avenues for shareholder value creation. Dominari Securities, LLC. is serving as the exclusive financial advisor to Safety Shot in connection with the transaction. About Safety Shot, Inc. Safety Shot, Inc. (Nasdaq: SHOT) is a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem. The Company is executing a new strategy focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets. The Company's beverage division holds the patented Safety Shot beverage, designed to rapidly reduce blood alcohol content as well as Yerbaé's plant-based, energy beverage. Forward-Looking Statements: This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the expected completion of the acquisition. These forward-looking statements are based on the current expectations of the management of Safety Shot and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Safety Shot, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Such statements are subject to risks and uncertainties, and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the performance of BONK tokens and the ability to execute on the Company's treasury strategy, and other risks detailed in Safety Shot's filings with the Securities and Exchange Commission.
Business Upturn
5 days ago
- Business
- Business Upturn
Safety Shot Announces Strategic Alliance with Bonk Founding Contributors, Initiating BONK Treasury Strategy
Company to Receive $25 Million in BONK Tokens from Founding Contributors of BONK, Establishing a New Model for Public Company Participation in DeFi SCOTTSDALE, AZ, Aug. 11, 2025 (GLOBE NEWSWIRE) — Safety Shot, Inc. (Nasdaq: SHOT), today announced a groundbreaking strategic alliance with the BONK founding contributors to deeply integrate the Company with the BONK ecosystem. In preparation for this new strategy, the Company has settled all outstanding debt and currently maintains a strong balance sheet with over $15 million in cash. The agreement will see Safety Shot, Inc., receive an initial allocation of BONK tokens valued at approximately $25 million. In consideration, the Company will issue Preferred Shares at a value of $35 million, which are convertible into shares of the Company's common stock. A Strategic Decision to Align with a Market Leader The decision to focus on BONK as the core treasury asset is based on its clear and distinct advantages over its competitors. Built on the high-performance Solana blockchain, BONK benefits from superior technology that enables high-speed, low-cost transactions. This makes it highly efficient for trading and payments, giving it a significant technical edge over competitors like Shiba Inu and Pepe, which are often constrained by the high fees and slower speeds of the Ethereum network. Furthermore, unlike inflationary meme coins such as Dogecoin, BONK features deflationary tokenomics powered by the community. A 'burn' mechanism is integrated into its ecosystem by various teams and applications, which permanently removes a portion of the token supply from circulation. This design aims to increase scarcity and support long-term value, powered by the community. As of July 31, BONK holds a market capitalization of over $2 billion, making it the fourth-largest memecoin in the world, according to CoinMarketCap. The token also boasts more than 980,000 on-chain holders, as reported by SolScan, reflecting its widespread adoption. 'This strategic partnership represents the first stage of a much broader corporate evolution for our company,' said Jarrett Boon, CEO of Safety Shot. 'By aligning with one of the most exciting ecosystems in digital assets, we are taking a bold first step. We look forward to sharing more details about the full scope of this strategy with our shareholders in the coming days as we continue to lead our beverage brands to new heights.' This partnership is expected to enhance Safety Shot's financial position, diversify its asset base, and unlock new avenues for shareholder value creation. Dominari Securities, LLC. is serving as the exclusive financial advisor to Safety Shot in connection with the transaction. About Safety Shot, Inc. Safety Shot, Inc. (Nasdaq: SHOT) is a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem. The Company is executing a new strategy focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets. The Company's beverage division holds the patented Safety Shot beverage, designed to rapidly reduce blood alcohol content as well as Yerbaé's plant-based, energy beverage. Investor Relations: Phone: 561-244-7100 Email: [email protected] Forward-Looking Statements: This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the expected completion of the acquisition. These forward-looking statements are based on the current expectations of the management of Safety Shot and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Safety Shot, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Such statements are subject to risks and uncertainties, and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the performance of BONK tokens and the ability to execute on the Company's treasury strategy, and other risks detailed in Safety Shot's filings with the Securities and Exchange Commission. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
22-07-2025
- Business
- Business Upturn
Safety Shot Announces Pricing of $10.6 Million Registered Direct Offering
SCOTTSDALE, AZ, July 21, 2025 (GLOBE NEWSWIRE) — Safety Shot, Inc. (Nasdaq: SHOT) ('Safety Shot' or the 'Company'), a wellness and dietary supplement company, today announced the pricing of a registered direct offering with an institutional investor for the purchase and sale of 28,648,648 shares of its common stock at a purchase price of $0.37 per share. In a concurrent private placement, the Company also issued warrants to purchase up to 57,297,296 shares of common stock. The warrants have an exercise price of $0.37 per share, are exercisable immediately, and will expire five years from the date of issuance. The gross proceeds to the Company from the offering are expected to be approximately $10.6 million, before deducting the placement agent's fees and other offering expenses. The closing of the registered direct offering and concurrent private placement is expected to occur on or about July 22, 2025. The shares of common stock offered in the registered direct offering are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-282315) that was filed with the U.S. Securities and Exchange Commission (the 'SEC') on and declared effective by the SEC on November 1, 2024. A prospectus supplement relating to and describing the terms of the registered direct offering will be filed with the SEC and will be available on the SEC's website at 'This financing is a critical step that comes at a pivotal time for our company, following the recent shareholder approval of our merger with Yerbaé,' said Jarrett Boon, CEO of Safety Shot. 'It significantly strengthens our balance sheet and provides us with the capital to support the daily business activities of our expanded operations, execute a seamless integration, and accelerate our commercial footprint. We appreciate the confidence shown by our new institutional partner and are now better positioned than ever to drive long-term value for our shareholders.' Dominari Securities, LLC. acted as the exclusive placement agent for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Safety Shot, Inc. Safety Shot, Inc., a wellness and dietary supplement company, has developed Sure Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while boosting clarity, energy, and overall mood. Sure Shot is available for purchase online at and Amazon. Investor Relations: Phone: 561-244-7100 Email: [email protected] Forward-Looking Statements: This press release contains forward-looking statements, including statements about the Company's ability to regain compliance with the Nasdaq minimum bid price requirement. These forward-looking statements are based on the current expectations of the management of Safety Shot and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Safety Shot, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
17-07-2025
- Business
- Yahoo
Safety Shot receives 180-day extension from Nasdaq to regain compliance
Safety Shot (SHOT) announced it has received a notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market granting the Company an additional 180-calendar day compliance period, until December 29, 2025, to regain compliance with the minimum bid price requirement. 'We are pleased to have received this extension from Nasdaq, which provides us with additional time to regain compliance,' said Jarrett Boon, CEO of Safety Shot. 'Our Board of Directors has already proactively approved several strategic options to satisfy the bid price requirement. We will continue to monitor our stock price and are confident in our ability to resolve this matter within the extended compliance period, ensuring our focus remains on executing our business strategy and completing the exciting integration of Yerbae.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SHOT: Disclaimer & DisclosureReport an Issue Safety Shot Sells SRM Shares in Strategic Move Safety Shot Secures Capital Through Share Sale Safety Shot Amends Securities Purchase Agreement Safety Shot Secures Investment, Alters Equity Structure Safety Shot Completes Acquisition of Yerbaé Brands Corp. Sign in to access your portfolio
Business Upturn
13-06-2025
- Business
- Business Upturn
Safety Shot, Inc. and Yerbaé Brands Corp Majority Shareholders Approve Proposed Acquisition of Yerbaé Brands Corp.
SCOTTSDALE, AZ, June 13, 2025 (GLOBE NEWSWIRE) — Safety Shot, Inc. (Nasdaq: SHOT) ('Safety Shot' or the 'Company'), a wellness and dietary supplement company, today announced that it a majority of its shareholders have voted by a majority to approve the proposed acquisition of Yerbaé Brands Corp. (TSX-V: YERB.U) ('Yerbaé'), a plant-based functional beverage company. The approval was obtained at Safety Shot's Special Meeting of Stockholders held earlier yesterday. Following the completion of the merger, which is expected to occur next week, the combined company will continue to operate under the name Safety Shot, Inc., and its common stock will continue to trade on The Nasdaq Capital Market under the ticker symbol 'SHOT'. Upon closing, Yerbaé's shares will be delisted from the TSX Venture Exchange. Jarrett Boon, Chief Executive Officer of Safety Shot, stated, 'On behalf of Safety Shot's Board of Directors, I want to extend our sincere gratitude to our stockholders for their overwhelming support and majority approval of this transformative acquisition. This vote marks a pivotal milestone and is a testament to the significant strategic value and growth potential that the combination of Safety Shot and Yerbaé represents. We are thrilled to move forward with satisfying the final closing conditions and look forward to welcoming the Yerbaé team and completing the transaction next week.' As previously announced on January 8, 2025, the acquisition brings together Safety Shot's innovative wellness solutions, including its patented Sure Shot™ rapid alcohol reducer product, with Yerbaé's popular and growing line of plant-based, zero-sugar, zero-calorie energy beverages. The combination is expected to create a powerful force in the functional beverage market by leveraging Yerbaé's robust retail and distribution network to accelerate the growth of both brands. The Company will announce further details upon the formal completion of the merger. The final voting results from the Special Meeting of Stockholders will be made available in a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission. Advisors Maxim Group LLC is serving as the exclusive financial advisor to Safety Shot in connection with the transaction. About Safety Shot, Inc. Safety Shot, Inc., a wellness and dietary supplement company, has developed Sure Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while boosting clarity, energy, and overall mood. Sure Shot is available for purchase online at and Amazon. Safety Shot, Inc. is introducing business-to-business sales of Sure Shot to distributors, retailers, restaurants, and bars throughout 2025. About Yerbaé Brands Corp. Founded in 2017, Yerbaé Brands Corp. is a plant-based functional beverage company that has captured the attention of health-conscious consumers with its line of zero-sugar, zero-calorie energy beverages. Yerbaé's products are formulated with yerba mate and other clean ingredients to provide a 'better-for-you' energy boost. Investor Relations: Phone: 561-244-7100 Email: [email protected] Forward-Looking Statements: This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the expected completion of the acquisition. These forward-looking statements are based on the current expectations of the management of Safety Shot and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Safety Shot, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
