Jupiter Wellness completes separation of SRM Entertainment; SRM IPO priced at $5.00; CFO resigns

BONK, INC.

SRM Entertainment priced IPO of 1,250,000 shares at $5.00; Jupiter distributed 2,000,000 SRM shares to its stockholders.
Jupiter remains largest SRM shareholder with 4,500,000 shares post-distribution; SRM financials no longer consolidated.
CFO Douglas McKinnon resigned; Markita L. Russell appointed as new CFO effective August 15, 2023.
Due to distribution, exercise price of 8,631,754 warrants reduced from $1.00 to $0.932; warrants increased to 9,260,554.
Separation governed by Amended Exchange Agreement; SRM will operate as independent public company.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Markita L. Russell

Chief Financial Officer

BNKK · BONK, INC.

Effective: 2023-08-15
Filed: August 21, 2023, 7:59 PM ET

On August 15, 2023, the board of directors (the “Board”) of the Company appointed Markita L. Russell as the Chief Financial Officer of the Company.

Departed

Douglas McKinnon

Chief Financial Officer

BNKK · BONK, INC.

Effective: 2023-08-14
Successor: Markita L. Russell
Filed: August 21, 2023, 7:59 PM ET

Douglas McKinnon resigned from his position as the CFO of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Markita L. Russell was appointed as Chief Financial Officer at BONK, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On August 15, 2023, the board of directors (the “Board”) of the Company appointed Markita L. Russell as the Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas McKinnon resigned as Chief Financial Officer at BONK, INC..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Douglas McKinnon resigned from his position as the CFO of the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

BONK, INC. entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at 1,250,000 shares of common stock at $5.00 per share (effective 2023-08-14).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton, division of Benchmark Investments, LLC
Value: 1,250,000 shares of common stock at $5.00 per share
Effective: 2023-08-14

Exact text from the filing

On August 14, 2023, Jupiter Wellness, Inc. (the “Company”) along with SRM Entertainment, Inc., a Nevada corporation (“SRM”) , entered into an Underwriting Agreement (the “Underwriting Agreement”), with EF Hutton, division of Benchmark Investments, LLC, the representative of the underwriters (the “Representative”), in connection with SRM’s initial public offering (the “IPO”).

View on SEC.gov

112 material agreements filed in the last 30 days. Browse all material agreements →

BONK, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-029511

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