secwatch.observer — SEC 8-K summary
======================================

Issuer:     BONK, INC. (BNKK)
CIK:        0001760903
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001641172-25-016825
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 2.03, 2.04, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225016825/0001641172-25-016825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225016825/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016825

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