Safety Shot Raises $3M in Direct Offering
Ticker: BNKK · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1760903
Sentiment: neutral
Topics: offering, financing, common-stock
TL;DR
Safety Shot just raised $3M via a direct stock offering at $2.50/share. Funds for general ops.
AI Summary
Safety Shot, Inc. announced on June 25, 2024, that it has entered into a securities purchase agreement with an institutional investor for a registered direct offering. The company will issue approximately 1.2 million shares of its common stock at a price of $2.50 per share, for gross proceeds of approximately $3 million before deducting offering expenses. This offering is expected to close on or about June 28, 2024.
Why It Matters
This capital infusion provides Safety Shot with funds that can be used for general corporate purposes, potentially supporting its growth and operational initiatives.
Risk Assessment
Risk Level: medium — Direct offerings can dilute existing shareholders and may indicate a need for immediate capital, suggesting potential financial pressures.
Key Numbers
- $3.0M — Gross Proceeds (Raised from the registered direct offering.)
- $2.50 — Price Per Share (The price at which shares were offered in the direct offering.)
- 1.2M — Shares Issued (The approximate number of shares sold in the offering.)
Key Players & Entities
- Safety Shot, Inc. (company) — Registrant
- June 25, 2024 (date) — Date of earliest event reported
- institutional investor (company) — Purchaser in the offering
- 1.2 million (dollar_amount) — Number of shares to be issued
- $2.50 (dollar_amount) — Price per share
- $3 million (dollar_amount) — Gross proceeds from the offering
- June 28, 2024 (date) — Expected closing date of the offering
FAQ
What is the purpose of the registered direct offering?
The gross proceeds from the offering are intended for general corporate purposes.
Who is purchasing the shares in this offering?
The shares are being purchased by an institutional investor.
What is the price per share for this offering?
The shares are being sold at a price of $2.50 per share.
When is the offering expected to close?
The offering is expected to close on or about June 28, 2024.
How many shares is Safety Shot, Inc. issuing?
Safety Shot, Inc. is issuing approximately 1.2 million shares of its common stock.
Filing Stats: 440 words · 2 min read · ~1 pages · Grade level 10.4 · Accepted 2024-06-25 09:09:01
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) — 42KB
- ex99-1.htm (EX-99.1) — 12KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001493152-24-025039.txt ( ) — 280KB
- shot-20240625.xsd (EX-101.SCH) — 4KB
- shot-20240625_def.xml (EX-101.DEF) — 26KB
- shot-20240625_lab.xml (EX-101.LAB) — 37KB
- shot-20240625_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): June 25, 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 7.01 Regulation FD Disclosure On June 25, 2024, Safety Shot, Inc. (the "Company") issued a press release. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference. Exhibits 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 Press Release dated June 25, 2024 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: June 25, 2024 SAFETY SHOT, INC. By: /s/ Jarrett Boon Jarrett Boon Chief Executive Officer