---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007504"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:52:16.051167+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safety Shot licenses Jupiter Wellness assets to Elite Health; to dividend 40% of post-IPO shares

## Summary
- Received 4M shares of Elite Health common stock; license to convert to purchase upon Elite's IPO.
- Elite Health plans IPO by Q3 2024; upon completion, Safety Shot to receive $1 and dividend 40% of Elite shares.
- Safety Shot's beverage assets (Safety Shot, NoStingz) are not included; company focuses on functional beverage.
- Elite Health, FDA-registered manufacturer, expects to launch MIDAS SaaS platform for manufacturing management.

## SEC filing metadata
- accession: 0001493152-24-007504
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000149315224007504/0001493152-24-007504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000149315224007504/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007504
- JSON: https://secwatch.observer/filing/0001493152-24-007504.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007504.txt

## Key facts
- Material Agreements
  BONK, INC. entered into License and Purchase Agreement with Elite Health Partners Inc. valued at 4,000,000 shares of Licensee Common Stock; option to purchase Legacy Assets for $1.00 upon IPO compl (effective 2024-02-21).
  - Action: entry
  - Agreement: license
  - Counterparty: Elite Health Partners Inc.
  - Value: 4,000,000 shares of Licensee Common Stock; option to purchase Legacy Assets for $1.00 upon IPO compl
  - Effective: 2024-02-21
  source text: On February 21, 2024, Safety Shot Inc. (the “ Company ”) entered into a License and Purchase Agreement (the “ Purchase Agreement ”), with Elite Health Partners Inc., a Delaware corporation (“ Licensee ”), pursuant to which the Company granted to Licensee a license to use assets related to the development and sale of various over-the-counter health and wellness products owned by the Company (the “ Legacy Assets ”) and the option to purchase the Legacy Assets upon fulfillment by Licensee of certain conditions set forth in the Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000149315224007504/0001493152-24-007504-index.htm

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