Safety Shot (SHOT) closes $5M no-warrant private placement at $2.11/share

BONK, INC.

Gross proceeds of $5M from 2,369,668 shares at $2.11 per share; no warrants attached.
Investor is Core 4 Capital Corp; net proceeds approx. $4.975M; no commissions paid.
CEO Jarrett Boon stated the straight equity deal at market reflects sophisticated investor confidence.
Proceeds will fund Safety Shot alcohol detox beverage and general corporate purposes.
President Jordan Schur holds 15% stake in the investor; other investors are family members.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

BONK, INC. entered into Registration Rights Agreement with the Investors valued at Company agreed to file registration statements covering the Shares (effective 2024-04-04).

Action: entry
Counterparty: the Investors
Value: Company agreed to file registration statements covering the Shares
Effective: 2024-04-04

Exact text from the filing

On April 4, 2024, the Company also entered into a Registration Rights Agreement with the Investors (the “Registration Rights Agreement” and together with the SPA the “Agreements”), requiring the Company to register the Shares issued under the SPA.

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

BONK, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-013274

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