other_material
confidence high
sentiment neutral
materiality 0.60
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.
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