---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-016825"
form_type: "8-K"
ticker: "BNKK"
cik: "0001760903"
company_name: "BONK, INC."
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T16:13:15.622820+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-016825
- form_type: 8-K
- ticker: BNKK
- cik: 0001760903
- company_name: BONK, INC.
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 2.03, 2.04, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760903/000164117225016825/0001641172-25-016825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760903/000164117225016825/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-016825
- JSON: https://secwatch.observer/filing/0001641172-25-016825.json
- Plain text: https://secwatch.observer/filing/0001641172-25-016825.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760903/000164117225016825/0001641172-25-016825-index.htm

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