---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002455"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:36:31.898094+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jupiter Wellness raises $4.1M in registered direct and PIPE offering, reduces warrant exercise price

## Summary
- Closed registered direct offering of 4,315,787 shares at $0.70/share and PIPE of 8,631,574 warrants at $0.125/warrant.
- Gross proceeds ~$4.1M; each unit (1 share + 1 3-yr warrant + 1 5-yr warrant) priced at $0.95.
- Warrants exercisable at $1.00, 4.3M for 3 years and 4.3M for 5 years, both from 6 months after closing.
- Exercise price of 11.6M pre-existing 2021 warrants reduced from $2.79 to $1.40 per share.

## SEC filing metadata
- accession: 0001493152-23-002455
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000149315223002455/0001493152-23-002455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000149315223002455/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002455
- JSON: https://secwatch.observer/filing/0001493152-23-002455.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002455.txt

## Key facts
- Material Agreements
  BONK, INC. entered into PIPE Agreement with certain purchasers (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Effective: 2023-01-19
  source text: On January 19, 2023, Jupiter Wellness, Inc., (the "Company") entered into a Securities Purchase Agreement (the "PIPE Agreement") with certain purchasers, for the issuance of 8,631,574 common stock warrants (the "PIPE Offering") at a price of $0.125 per warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223002455/0001493152-23-002455-index.htm
- Material Agreements
  BONK, INC. entered into RD Agreement with certain purchasers (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Effective: 2023-01-19
  source text: On January 19, 2023, The Company entered into a Securities Purchase Agreement (the "RD Agreement") with certain purchasers, pursuant to which on January 23, 2023, 4,315,787 shares of common stock, par value $0.001 (the "Common Stock"), at a price of $0.70 per share were issued to the purchasers (the "RD Offering")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223002455/0001493152-23-002455-index.htm
- Material Agreements
  BONK, INC. entered into Registration Rights Agreement with the Purchasers (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Purchasers
  - Effective: 2023-01-19
  source text: On January 19, 2023, the Company also entered into a Registration Rights Agreement with the Purchasers, (the "Registration Rights Agreement" and together with the PIPE Agreement and the RD Agreement the "Agreements"), requiring the Company to register the securities issued under the PIPE Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223002455/0001493152-23-002455-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.