Business
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
About this update from Bonk, Inc.
[{"type":"text","content":"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 www.sec.gov. “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...