Safety Shot finalizes debt settlement agreement

Safety Shot, Inc. (NASDAQ:SHOT), a company specializing in perfumes, cosmetics, and other toilet preparations with a market capitalization of $29.8 million, announced on Tuesday that it has officially entered into a material definitive agreement with Silverback Capital Corporation (SCC) under a liabilities settlement program. This agreement allows Safety Shot to settle its debts by issuing freely trading securities to SCC. According to InvestingPro data, the company’s current ratio of 0.44 indicates its short-term obligations exceed liquid assets, making this debt settlement particularly significant.

The company, previously known as Jupiter Wellness, Inc. and CBD Brands, Inc., disclosed the liabilities settlement program in its 10-Q filing for the quarter ended March 31, 2025. The program was subject to court approval, which was granted on May 20, 2025. Further details on the liabilities settlement program can be found in the "Management’s Discussion and Analysis-Recent Developments-Subsequent Liability" section of the 10-Q filed with the SEC on May 14, 2025.

Safety Shot, Inc., based in Jupiter, Florida, is incorporated in Delaware and operates under the fiscal year ending December 31. The company’s common stock and warrants are listed on The Nasdaq Stock Market LLC under the trading symbols SHOT and SHOTW, respectively. The warrants are exercisable for one share of common stock at $8.50 per share. The stock currently trades at $0.39, having declined 43.14% year-to-date, reflecting significant market challenges.

The company has also provided an exhibit as part of the filing: Exhibit 10.1, which is the form of Settlement and Stipulation agreement, and Exhibit 104, the Cover Page Interactive Data File embedded with the Inline XBRL document.

This news is based on the latest 8-K filing by Safety Shot, Inc. with the Securities and Exchange Commission.

In other recent news, Safety Shot, Inc. has announced its acquisition of Yerbae Brands Corp., expecting a substantial increase in annual revenue by 2025 due to Yerbae’s strong market presence. This acquisition is projected to boost Safety Shot’s revenue by 1000% over the previous year. Additionally, Safety Shot has entered into an amended settlement agreement with Bigger Capital LLC, committing to pay 10% of gross proceeds from any capital raised before June 30, 2025, to manage a $3.5 million convertible note. Furthermore, Safety Shot has reported successful product launches, including its Sure Shot product on Amazon (NASDAQ:AMZN), which sold out quickly, and the launch of its own e-commerce channel. The company has also announced the spin-off of its subsidiary, Caring Brands, Inc., with a record date set for April 7, 2025. In a separate financial development, Safety Shot has secured a private investment of approximately $1.29 million through a Securities Purchase Agreement. These recent developments reflect Safety Shot’s strategic moves to enhance its market position and financial stability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.