BofA update shows where active managers are putting money
SCOTTSDALE, AZ - Safety Shot, Inc. (Nasdaq:SHOT), a small-cap company with a market capitalization of $80.4 million, has acquired a 10% revenue sharing interest in BONK.fun, a decentralized platform on the Solana blockchain, the company announced Tuesday. According to InvestingPro data, the stock has experienced significant volatility, declining 41.43% in the past week.
The deal includes an initial $25 million in BONK tokens and will see members of BONK’s founding core group, including Mitchell Rudy, appointed to Safety Shot’s Board of Directors, where they will constitute 50% of board seats. Safety Shot has also reserved the ticker symbol "BNKK" with Nasdaq, signaling its strategic pivot. InvestingPro analysis indicates the company’s financial health score is currently rated as Weak, with rapidly depleting cash reserves.
BONK.fun, launched in April 2025, allows users to create and launch meme coins without coding expertise. The platform generated over $35 million in user fees in July 2025 alone, according to the company’s press release statement.
"We’ve built one of the most powerful, decentralized ecosystems from the ground up," said Mitchell Rudy, one of BONK’s founding core contributors. "By integrating with Safety Shot, Inc., we are creating a first-of-its-kind bridge for public market investors to directly participate in the revenue and growth of one of the most active communities in DeFi."
Safety Shot plans to reinvest approximately 90% of its revenue income from BONK.fun into a treasury of BONK tokens. With current revenues of just $0.57 million in the last twelve months and operating with moderate debt levels, this strategic pivot represents a significant transformation. The company’s CEO, Jarrett Boon, described the move as "the next logical step in our corporate evolution." Subscribers to InvestingPro can access 12 additional key insights about Safety Shot’s financial position and growth prospects.
BONK.fun reportedly takes fees from transaction volume, with the company claiming that on peak days, the platform has facilitated the launch of over 20,000 new tokens in a 24-hour period with daily trading volume exceeding $100 million.
Dominari Securities, LLC is serving as the exclusive financial advisor to Safety Shot for the transaction.
In other recent news, Safety Shot, Inc. announced a strategic alliance with BONK founding contributors, securing approximately $25 million worth of BONK tokens. In exchange, Safety Shot will issue preferred shares valued at $35 million, convertible into common stock. Additionally, the company finalized a settlement with former CFO Danielle De Rosa, agreeing to issue her 425,000 shares of common stock, accelerate the vesting of 200,000 stock options, and pay her $300,000. In leadership changes, Safety Shot appointed Markita L. Russell as the new Chief Financial Officer, succeeding De Rosa. Russell has been with the company since August 2021 and brings over 30 years of experience in financial sectors. Furthermore, Safety Shot announced a registered direct offering of 22,993,492 shares at $0.461 per share, raising approximately $16.3 million. In a concurrent private placement, the company issued warrants to purchase up to 45,986,984 additional shares, with an exercise price of $0.461 per share. These developments reflect the company’s ongoing strategic and financial maneuvers.
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