other material
confidence high
sentiment neutral
materiality 0.80
Safety Shot issues $75M Series A Preferred to Core 4 in exchange for common, warrants, RSUs
BONK, INC.
- Exchanged 7,700,014 common shares for 46,765 Series A-1 Preferred shares (stated value $750 each).
- Exchanged 2,865,169 2023 warrants (exercise $0.89) for 17,401 Series A-2 Preferred shares.
- Exchanged 4,000,000 2025 warrants (exercise $0.41) for 20,650 Series A-3 Preferred shares.
- Exchanged 2,500,000 RSUs for 15,184 Series A-1 Preferred; 6-month lock-up on all shares.
- Series A Preferred convertible into common at $4.3935/share; dividend and liquidation rights on as-converted basis.