Safety Shot exchanges $5.25M convertible notes for Series B Preferred; warrant strike cut to $0.33

BONK, INC.

Exchanged $1.75M secured note (Dec 2026) and $3.5M note (Jul 2025) for 7,212 Series B Preferred shares, $750 stated value each.
Series B Preferred converts at $0.34/share; voting rights on as-converted basis with common stock.
Warrant exercise price reduced from $0.4348 to $0.33 per share for 5,332,889 warrants held by same investors.
Exchange effected under Section 3(a)(9); holding period tacks back to original notes for Rule 144.
Filed Certificate of Designation for 10,000 authorized shares of Series B Convertible Preferred Stock.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

BONK, INC.: On July 2, 2025, the Company filed a Certificate of Designation with the Delaware Secretary of State designating 10,000 shares as Series B Convertible Preferred Stock, setting forth rights, preferences, and limitations (effective 2025-07-02).

Change: charter amendment
Effective: 2025-07-02

Exact text from the filing

On July 2, 2025, the Company filed a Certificate of Designation (the “ Certificate of Designation ”) with the Delaware Secretary of State designating, 10,000 shares as Series B Convertible Preferred Stock (the “ Series B Preferred Stock ”), each with a stated value of $750 per share (the “ Stated Value ”). The Certificate of Designation sets forth the rights, preferences and limitations of the shares of Series B Preferred Stock.

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BONK, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-018310

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