Safety Shot shareholders approve equity incentive plan expansion

Safety Shot, Inc. (NASDAQ:SHOT), a company specializing in perfumes, cosmetics, and other toilet preparations, announced on Monday the results of its special shareholders meeting that took place on June 12, 2025. The company, currently trading at $0.25 per share, has faced significant market challenges, with its stock down about 79% over the past year. According to InvestingPro analysis, the company’s current trading price aligns with its Fair Value, though investors should note that 16 additional key insights are available through the Pro platform. At the meeting, shareholders approved an amendment to the company’s 2024 Equity Incentive Plan, increasing the number of shares reserved for issuance by an additional 22 million.

The approval followed the initial establishment of the Plan on June 24, 2024. The amendment aims to enhance the company’s ability to incentivize its employees through stock-based compensation. The decision comes as Safety Shot continues to position itself in the competitive cosmetics and personal care market, though InvestingPro data reveals challenging fundamentals, including a weak gross profit margin of -37% and a concerning current ratio of 0.44, indicating potential liquidity constraints.

During the Special Meeting, several other key proposals were voted upon. Among the approved items was the issuance of Safety Shot Shares to Yerbaé Shareholders under the terms of the Arrangement Agreement, with 20,383,589 votes in favor. Additionally, shareholders authorized the issuance of promissory notes and underlying Safety Shot Shares in connection with a securities offering completed on January 20, 2025.

Furthermore, the issuance of up to 20 million Safety Shot Shares to Core 4 Capital Corp. in one or more non-public offerings was sanctioned, in line with Nasdaq Listing Rule 5635(b). The company also received approval to potentially execute a reverse stock split at a ratio ranging from one-for-five to one-for-thirty-five within a year from the approval date, if deemed necessary by the board.

Lastly, shareholders granted discretionary authority to the Safety Shot Board to amend the company’s Amended and Restated Certificate of Incorporation to facilitate the reverse stock split and to adjourn the meeting to solicit additional proxies if required.

The meeting underscored the shareholders’ support for Safety Shot’s strategic initiatives and compensation strategies to drive future growth. The information is based on a press release statement.

In other recent news, Safety Shot, Inc. has announced the approval of its acquisition of YerbaÉ Brands Corp., a plant-based beverage company. This merger is expected to significantly boost Safety Shot’s revenue by 1000% in 2025, leveraging YerbaÉ’s strong retail and distribution networks. The acquisition is set to close soon, with YerbaÉ’s shares being delisted from the TSX Venture Exchange. Safety Shot is also embarking on research and development for new cognitive and sleep aid products, aiming to expand its product offerings in high-growth markets. In financial developments, Safety Shot has finalized a debt settlement agreement with Silverback Capital Corporation, allowing it to settle debts through the issuance of freely trading securities. Additionally, Safety Shot has entered into an amended settlement agreement with Bigger Capital LLC, which involves financial commitments tied to future capital raises. These recent developments highlight Safety Shot’s strategic moves to enhance its market position and manage its financial obligations effectively.

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