Safety Shot ends equity program amid growth

SCOTTSDALE, Ariz. - Safety Shot, Inc. (NASDAQ:SHOT), a wellness and dietary supplement company with a current market capitalization of $29 million, announced today the termination of its at-the-market (ATM) equity offering program. The company’s CEO, Jarrett Boon, cited a strong financial position and growth prospects as the reasons for this decision, aiming to prevent further shareholder dilution. According to InvestingPro data, the company maintains more cash than debt on its balance sheet, though analysts note rapid cash utilization rates.

The move follows a successful 2024 for Safety Shot, which included securing distribution agreements with major retailers such as 7-Eleven, Casey’s General (NASDAQ:CASY) Stores, King Soopers, and two other large grocery chains, expanding its market reach. The agreements have placed Safety Shot’s products in thousands of stores across numerous states, bolstering the company’s retail presence. InvestingPro analysts project substantial revenue growth of 189% for the current fiscal year. Get access to 15+ additional ProTips and comprehensive financial metrics with InvestingPro.

Additionally, Safety Shot reported the sale of 397,064 shares through the ATM offering before its termination, raising $481,256.20. These funds are expected to support the company’s growth initiatives.

A significant development for the company is the pending acquisition of Yerbaé Brands Corp., a functional beverage company known for its plant-based drinks. This acquisition is anticipated to enhance Safety Shot’s product portfolio and market presence in the health and wellness beverage sector.

By discontinuing the ATM program, Safety Shot aims to convey its commitment to shareholder value and its belief in a stable and potentially stronger share price. The company is poised to continue its growth strategy and deliver results in the coming year.

Safety Shot, known for its patented wellness product Sure Shot, has been expanding its business-to-business sales channels, targeting distributors, retailers, restaurants, and bars throughout 2025.

The information in this article is based on a press release statement from Safety Shot, Inc.

In other recent news, Safety Shot, Inc. has secured substantial private investments totaling $1.25 million, through the sale of over 2.9 million shares to accredited investors. Analysts from InvestingPro project a significant revenue growth of 189% for the current fiscal year, despite the company’s potential delisting from the Nasdaq Stock Exchange due to non-compliance with the minimum bid price requirement. Safety Shot has until July 1, 2025, to regain compliance. Amid these financial developments, the company, now rebranded as Sure Shot, has expanded its retail presence with its Sure Shot beverage, now available in over 750 locations across the Midwest and metro Chicago. These recent developments highlight Sure Shot’s commitment to growth and innovation in the functional beverage space.

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