---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029511"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:21:36.770676+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-029511
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000149315223029511/0001493152-23-029511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000149315223029511/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029511
- JSON: https://secwatch.observer/filing/0001493152-23-029511.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029511.txt

## Key facts
- Executive change
  Markita L. Russell was appointed as Chief Financial Officer at BONK, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223029511/0001493152-23-029511-index.htm
- Executive change
  Douglas McKinnon resigned as Chief Financial Officer at BONK, INC..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Douglas McKinnon resigned from his position as the CFO of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223029511/0001493152-23-029511-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315223029511/0001493152-23-029511-index.htm

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