Safety Shot prices $30 million financing with crypto investors

SCOTTSDALE - Safety Shot, Inc. (Nasdaq:SHOT), whose stock has seen a -20.6% decline over the past week according to InvestingPro data, announced Monday it has priced a $30 million financing package, consisting of a $5 million registered direct offering and a $25 million private placement paid in BONK tokens by BONK founding members.

The transaction, priced at $0.46 per share, is anchored by a consortium of strategic investors including FalconX. The private placement portion will be paid using BONK tokens from the cryptocurrency’s founding members. Based on InvestingPro’s Fair Value analysis, the stock appears to be overvalued at current levels.

"This is a landmark day for Safety Shot and what we believe is a powerful validation of our new strategic direction," said Jarrett Boon, CEO of Safety Shot in a press release statement.

The financing comes as Safety Shot shifts its business strategy toward integrating with letsBONK.fun, a move the company describes as acquiring a stake in the BONK ecosystem rather than simply implementing a cryptocurrency treasury strategy.

Mitchell Rudy, known as Nom, a founding figure in BONK, stated the partnership aims to create "a first-of-its-kind bridge between DeFi and the public markets."

Both transactions are expected to close around August 27, 2025, subject to customary closing conditions. The registered direct offering is being made pursuant to a shelf registration statement previously filed with the SEC.

Safety Shot, which originally developed a beverage designed to reduce blood alcohol content, is now positioning itself as a bridge between traditional public markets and digital assets. The company plans to use the financing to build a treasury of digital assets while generating revenue through its stake in the BONK ecosystem. InvestingPro data shows the company currently holds more cash than debt, though it’s been rapidly burning through cash reserves. Investors should note that the company’s next earnings report is scheduled for September 3, 2025, just 9 days away. For deeper insights into Safety Shot’s financials and 8 additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.

The information in this article is based on a company press release statement.

In other recent news, Safety Shot, Inc. announced an amendment to the conversion terms of its Series C Convertible Preferred Stock. The conversion price has been adjusted from $0.5582 to $1.081 per share, based on the average Nasdaq closing price for the five trading days before August 9. In a strategic move, Safety Shot has acquired a 10% revenue sharing interest in BONK.fun, a decentralized platform on the Solana blockchain, and plans to change its ticker symbol to "BNKK." Additionally, Safety Shot has formed an alliance with BONK’s founding contributors, receiving approximately $25 million worth of BONK tokens in exchange for preferred shares valued at $35 million.

The company has also finalized a settlement with former CFO Danielle De Rosa, agreeing to issue her 425,000 shares of common stock, accelerate 200,000 stock options, and pay $300,000. Following De Rosa’s resignation, Safety Shot appointed Markita L. Russell as the new Chief Financial Officer. Russell, who has been with the company since August 2021, has over 30 years of experience in the financial sector. These developments highlight Safety Shot’s ongoing strategic and leadership adjustments.

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