secwatch.observer — SEC 8-K summary
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Issuer:     BONK, INC. (BNKK)
CIK:        0001760903
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001641172-25-016151
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safety Shot issues 7.3M shares to settle $1.46M debt; raises $250K via PIPE at $0.216/share
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- Issued 7,275,915 shares to Silverback Capital to settle $1,461,800 in liabilities under Section 3(a)(10).
- Total outstanding liabilities originally $14,580,395.73; settlement covers ~10% of total.
- PIPE: 1,157,407 shares at $0.216 each for gross proceeds of $250,000 (20% discount to prior close).
- Shares in PIPE are registered under effective shelf; settlement shares are unregistered but exempt.
- Combined issuances represent a 14.6% increase in shares outstanding (based on shares before issuance).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225016151/0001641172-25-016151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225016151/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016151

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