Safety Shot closes acquisition of Yerbaé; issues 19.9M shares, assumes $3.8M debentures

BONK, INC.

Closed acquisition of Yerbaé Brands on June 27, 2025; Yerbaé shareholders received 0.2918 SHOT shares per share, total 19,881,948 shares issued.
Post-closing, SHOT shareholders own 81.6%, former Yerbaé holders 18.4%; outstanding shares ~108.3M.
Assumed ~$3.8M Yerbaé debentures bearing 6% interest, convertible at $4.80/share; required to offer 105% buyback within 10 days.
Board expanded to 7 with appointment of Todd Gibson, former Yerbaé CEO.
Pro forma combined net loss Q1 2025 of $8.7M, FY 2024 loss of $52.2M; SRM securities valued at $14.7M subject to lock-up.

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