BONK, INC. (BNKK): M&A transaction — 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.

item 2.01 item 2.03 item 2.04 item 3.02 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BONK, INC. completed an acquisition involving Yerbaé Brands Corp. for 19,881,948 Safety Shot Shares (closed 2025-06-27).

Action: acquisition
Counterparty: Yerbaé Brands Corp.
Consideration: 19,881,948 Safety Shot Shares
Closing: 2025-06-27

Exact text from the filing

greement on January 7, 2025 (the “ Arrangement Agreement ”) with Yerbaé Brands Corp. (“ Yerbaé ”), pursuant to which the Company agreed, among other things, to acquire all of the issued and outstanding common shares of Yerbaé

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BONK, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-016825

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