Safety Shot receives 180-day Nasdaq compliance extension for bid price

SCOTTSDALE, AZ - Safety Shot, Inc. (NASDAQ:SHOT), currently trading at $0.39 and down about 46% year-to-date, announced Wednesday it has been granted an additional 180-day period to regain compliance with Nasdaq’s minimum bid price requirement. According to InvestingPro data, the stock has seen significant volatility, trading between $0.23 and $1.77 over the past 52 weeks.

The extension gives the wellness and dietary supplement company until December 29, 2025, to meet the requirement. According to the notification letter from Nasdaq’s Listing Qualifications Staff, the decision was based on Safety Shot meeting all other applicable initial listing standards for The Nasdaq Capital Market, except for the bid price requirement.

The company’s common stock will continue trading on The Nasdaq Capital Market under the ticker symbol SHOT while it works to resolve the compliance issue.

"Our Board of Directors has already proactively approved several strategic options to satisfy the bid price requirement," said Jarrett Boon, CEO of Safety Shot.

To regain compliance, the closing bid price of Safety Shot’s common stock must reach at least $1.00 per share for a minimum of 10 consecutive business days during the extended compliance period.

If the company fails to meet this requirement by the December deadline, Nasdaq will provide written notification that Safety Shot’s securities will be delisted. At that point, the company may appeal the decision to a Nasdaq Hearings Panel.

Safety Shot develops Sure Shot, which the company describes as a patented wellness product designed to lower blood alcohol content while enhancing clarity and energy.

This article is based on information from a company press release.

In other recent news, Safety Shot, Inc. reported a significant increase in equity valued at approximately $17 million due to the appreciation of its holdings in SRM Entertainment, Inc. The company disclosed that the value of its SRM Entertainment shares rose substantially, enhancing its financial position. Additionally, Safety Shot completed its acquisition of Yerbae Brands Corp., issuing roughly 19.9 million shares to former Yerbae shareholders as part of the transaction. This acquisition was executed through a court-approved plan of arrangement, with former Yerbae shareholders now owning about 18.36% of the combined entity.

In a separate development, Safety Shot entered into a Securities Purchase Agreement with an accredited investor for a private placement, expected to generate $250,000 in gross proceeds. The company issued 844,594 shares of common stock at a discounted price under this agreement. Furthermore, Safety Shot disclosed the cancellation of 6.6 million shares following an exchange agreement with Core 4 Capital Corp. These recent developments reflect Safety Shot’s strategic financial and operational maneuvers.

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