Safety Shot Terminates $10M ATM Offering
Ticker: BNKK · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1760903
Sentiment: neutral
Topics: financing, atm-offering, capital-raise
TL;DR
Safety Shot closed its $10M ATM offering with Aspire Capital, fully utilizing the facility.
AI Summary
On April 22, 2024, Safety Shot, Inc. filed an 8-K report detailing the termination of its at-the-market (ATM) offering program with Aspire Capital Fund, LLC. The company announced that it has fully utilized the $10 million facility, with the final sale of shares occurring on April 19, 2024.
Why It Matters
The termination of the ATM offering indicates the company has raised the intended capital or no longer requires the facility, which could impact its future financing strategies and cash position.
Risk Assessment
Risk Level: medium — The termination of an ATM offering can signal either successful capital raising or a shift in financing needs, requiring further analysis of the company's financial health.
Key Numbers
- $10 million — ATM Offering Facility (Total amount available under the program with Aspire Capital Fund, LLC.)
Key Players & Entities
- Safety Shot, Inc. (company) — Registrant
- Aspire Capital Fund, LLC (company) — ATM Offering Partner
- $10 million (dollar_amount) — ATM Offering Facility Size
- April 22, 2024 (date) — Report Date
- April 19, 2024 (date) — Date of Final Share Sale
FAQ
What was the purpose of the ATM offering program with Aspire Capital Fund, LLC?
The filing does not explicitly state the purpose of the ATM offering program, but it was a facility for the sale of common stock.
When was the ATM offering program terminated?
The ATM offering program was terminated on April 22, 2024, as announced in the 8-K filing.
What was the total amount raised through the ATM offering?
The company fully utilized the $10 million facility.
When was the last day shares were sold under the ATM program?
The final sale of shares under the ATM program occurred on April 19, 2024.
What is the former name of Safety Shot, Inc.?
The filing indicates that Safety Shot, Inc. was formerly known as Jupiter Wellness, Inc. and prior to that, CBD Brands, Inc.
Filing Stats: 452 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-04-22 08:15:35
Key Financial Figures
- $8.50 — isable for one share of Common Stock at $8.50 per share SHOTW The Nasdaq Stock Ma
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex99-1.htm (EX-99.1) — 12KB
- 0001493152-24-015468.txt ( ) — 272KB
- shot-20240422.xsd (EX-101.SCH) — 4KB
- shot-20240422_def.xml (EX-101.DEF) — 26KB
- shot-20240422_lab.xml (EX-101.LAB) — 37KB
- shot-20240422_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 22, 2024 SAFETY SHOT, INC. (Exact name of registrant as specified in charter) Delaware 001-39569 83-2455880 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1061 E. Indiantown Rd. , Ste. 110 , Jupiter , FL 33477 (Address of principal executive offices) (Zip Code) (561) 244-7100 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock SHOT The Nasdaq Stock Market LLC (The Nasdaq Capital Market) Warrants, each exercisable for one share of Common Stock at $8.50 per share SHOTW The Nasdaq Stock Market LLC (The Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 8.01 Regulation FD Disclosure On April 22, 2024, Safety Shot, Inc. (the "Company") included on its website a supplement to the frequently asked questions. ("FAQs") regarding the Company. A copy of the supplemented FAQ is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 Safety Shot, Inc. website FAQ Supplement. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 22, 2024 SAFETY SHOT, INC. By: /s/ Jarrett Boon Jarrett Boon Chief Executive Officer