---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-012512"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:03:06.280209+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-012512
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000164117225012512/0001641172-25-012512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000164117225012512/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-012512
- JSON: https://secwatch.observer/filing/0001641172-25-012512.json
- Plain text: https://secwatch.observer/filing/0001641172-25-012512.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.