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Safety Shot, Inc. (NASDAQ:SHOT), a company specializing in personal care products, has entered into a Securities Purchase Agreement with an accredited investor, securing $1 million in funding. The deal, finalized on February 20, 2025, involves the issuance of 2,222,222 shares at a price of $0.45 per share. According to InvestingPro analysis, the company currently holds more cash than debt on its balance sheet, though it’s experiencing rapid cash burn.
This strategic move allows Safety Shot, previously known as Jupiter Wellness, Inc., to bolster its financial position by tapping into additional capital. The company, which operates under the SIC code for Perfumes, Cosmetics, and Other Toilet Preparations, is based in Jupiter, Florida. InvestingPro data reveals the company’s overall financial health score is currently rated as WEAK, with a current ratio of 1.9x indicating sufficient liquid assets to cover short-term obligations.
The recent agreement indicates investor confidence in Safety Shot’s business model and growth potential. The capital raised through this Private Investment in Public Equity (PIPE) transaction will likely be used to fund the company’s ongoing operations, research and development, and potential expansion plans. Analysts tracked by InvestingPro anticipate significant sales growth of nearly 189% for the current fiscal year, though the stock has declined over 80% in the past year. Get access to 12 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
The investor in this agreement has been described as accredited, suggesting that they meet specific requirements set by the SEC for financial sophistication and stability. The negotiated price per share of $0.45 represents a commitment to the company’s future prospects. Based on InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels.
The details of the Securities Purchase Agreement were disclosed in a Form 8-K filed with the SEC on February 26, 2025. The full terms of the agreement can be found in Exhibit 10.1 of the Form 8-K, which is incorporated by reference and provides a more detailed account of the transaction.
This financial maneuver comes as Safety Shot, Inc. aims to further establish itself in the competitive personal care industry. The company’s ticker symbols on the Nasdaq Capital Market are SHOT for its common stock and SHOTW for its warrants, each exercisable for one share of common stock at $8.50 per share.
The information reported here is based on the press release statement and provides a transparent view of Safety Shot, Inc.’s latest financial activity without speculation or promotional commentary.
In other recent news, Scandic Hotels Group reported strong financial results for Q4 2024, with adjusted EBITDA increasing to SEK 544 million from SEK 451 million in the previous year, and an EBITDA margin improvement to 9.9% from 8.3%. The company’s net debt significantly reduced, reflecting robust financial management. Scandic has announced a 500 million SEK share buyback program and proposed an ordinary dividend of 2.6 SEK per share, indicating confidence in its financial health. Additionally, Scandic has entered into a new strategic partnership with SAS and plans tech upgrades, while also focusing on geographic expansion with new hotel signings in Sweden and Germany. The company’s strategic initiatives and operational efficiency have bolstered its competitive position in the Nordic hospitality market. Scandic anticipates a stable Q1 2025, with slight increases in occupancy and room rates. The company remains committed to optimizing its portfolio, having strategically exited seven hotels to enhance profitability.
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