Safety Shot settles $14.58M in liabilities via equity issuance to Silverback Capital

BONK, INC.

Court approved May 20, 2025; company to issue freely trading shares under Section 3(a)(10) to settle $14,580,395.73 in liabilities.
Share count variable: claim amount divided by purchase price (starting at closing price, floor $0.20, adjusted to 70% of market if price drops).
Company must reserve at least 23M shares; as of May 9, 2025, 76M shares outstanding, 250M authorized.
Settlement includes 250,000 fee shares; SCC subject to 4.99% beneficial ownership limit per tranche.
Potential for significant dilution; price floor mechanism protects SCC if stock declines further.

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