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.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BONK, INC.: Filed Certificate of Designation creating three series of preferred stock (Series A-1, A-2, A-3) with stated value, voting, liquidation, and conversion rights (effective 2025-05-02).

Change: charter amendment
Effective: 2025-05-02

Exact text from the filing

Pursuant to the terms of the Exchange Agreement, effective May 2, 2025, the Company filed a Certificate of Designation with the Delaware Secretary of State designating, 61,949 shares as Series A-1 Convertible Preferred Stock, 17,401 shares as Series A-2 Convertible Preferred Stock, 20,650 shares as Series A-3 Convertible Preferred Stock (all such series of preferred stock referred to herein collectively as “ Series A Preferred Stock ”), each with a stated value of $750 per share

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BONK, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-009075

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