---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024086"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:38:11.547172+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Jupiter Wellness acquires Safety Shot rapid alcohol detox drink asset for $200K cash + 5M shares; valued at $53M

## Summary
- Acquired Safety Shot beverage assets from GBB Drink Lab for $200,000 cash and 5 million shares of common stock.
- Third-party valuation firm estimated asset value at $53 million; product launches Q4 2023.
- Safety Shot reportedly reduces blood alcohol content by up to 50% in 30 minutes; patent-protected.
- Company forecasts Safety Shot segment to generate ~$25M revenue and $4M net income by Q1 2024.
- Global hangover cure market expected to reach $4.67 billion by 2028; CAGR 14.6%.

## SEC filing metadata
- accession: 0001493152-23-024086
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000149315223024086/0001493152-23-024086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000149315223024086/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024086
- JSON: https://secwatch.observer/filing/0001493152-23-024086.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024086.txt

## Key facts
- Material Agreements
  BONK, INC. entered into Agreement with GBB Labs, Inc., GBB Drink Lab Inc., 2V Consulting LLC, Jarrett A Boon Revocable Trust Dated October 22, 2014, Gregory D. Blackman, Brothers Investment 7777 valued at $200,000 and 5,000,000 Common Shares (effective 2023-07-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: GBB Labs, Inc., GBB Drink Lab Inc., 2V Consulting LLC, Jarrett A Boon Revocable Trust Dated October 22, 2014, Gregory D. Blackman, Brothers Investment 7777
  - Value: $200,000 and 5,000,000 Common Shares
  - Effective: 2023-07-10
  source text: On July 10, 2023, Jupiter Wellness, Inc. (the “Company”) entered into an asset purchase agreement (the “Agreement”) with GBB Labs, Inc., a Delaware corporation (“Buyer” and together with JWI, collectively, the “JWI Parties”), GBB Drink Lab Inc., a Florida corporation (“Seller”), 2V Consulting LLC, a Florida limited liability company, (“2v”), the Jarrett A Boon Revocable Trust Dated October 22, 2014, (the “Trust”), Gregory D. Blackman, an individual (“Blackman”) and Brothers Investment 7777, (“Brothers”, and collectively with 2v, the Trust and Blackman as the “Owners” and together with Seller, the “Transferors”). Pursuant to the Agreement, the Buyer shall purchase certain assets relating to the Seller’s business for a consideration comprising of: (a) the sum of Two Hundred Thousand U.S. Dollars (US $200,000) (the “Cash Purchase Price”); and (b) 5,000,000 Common Shares (the “Consideration Shares” and together with the Cash Purchase Price, collectively, the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223024086/0001493152-23-024086-index.htm

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