secwatch.observer — SEC 8-K summary
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Issuer:     BONK, INC. (BNKK)
CIK:        0001760903
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001641172-25-009075
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safety Shot issues $75M Series A Preferred to Core 4 in exchange for common, warrants, RSUs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225009075/0001641172-25-009075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225009075/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer