Safety Shot, Inc. Announces Exchange Agreement with Core 4 Capital Corp.
Safety Shot, Inc., a leading company in the health and wellness industry, has entered into a significant exchange agreement with Core 4 Capital Corp. on May 2, 2025. This agreement, disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission, outlines the terms of the exchange of securities between the two companies.
Under the agreement, Core 4 Capital Corp. will exchange 7,700,014 shares of common stock for an aggregate of 46,765 shares of Series A-1 Preferred Stock, 17,401 shares of Series A-2 Preferred Stock, and 20,650 shares of Series A-3 Preferred Stock. Additionally, 2,500,000 restricted stock units will be exchanged for 15,184 shares of Series A-1 Preferred Stock.
The agreement also includes lock-up provisions, where Core 4 has agreed not to offer, pledge, sell, or transfer any of the exchanged securities for a period of at least six months without the prior written consent of Safety Shot, Inc. This is a significant move by the company to ensure the stability of its capital structure and provide a clear path for future growth.
Key Takeaways:
- Safety Shot, Inc. has entered into an exchange agreement with Core 4 Capital Corp. on May 2, 2025.
- The agreement involves the exchange of 7,700,014 shares of common stock for 46,765 shares of Series A-1 Preferred Stock, 17,401 shares of Series A-2 Preferred Stock, and 20,650 shares of Series A-3 Preferred Stock.
- Core 4 Capital Corp. has agreed to lock-up provisions, preventing the transfer of exchanged securities for at least six months.
- The agreement will have a significant impact on Safety Shot, Inc.'s capital structure and future growth prospects.
Statistics:
- 7,700,014 shares of common stock exchanged for Series A-1, A-2, and A-3 Preferred Stock.
- 46,765 shares of Series A-1 Preferred Stock issued to Core 4 Capital Corp.
- 17,401 shares of Series A-2 Preferred Stock issued to Core 4 Capital Corp.
- 20,650 shares of Series A-3 Preferred Stock issued to Core 4 Capital Corp.
- Lock-up period of at least six months on the exchanged securities.
Sources:
- United States Securities and Exchange Commission - Form 8-K (Current Report) [1]
- Safety Shot, Inc. - Press Release [No specific source mentioned]
Note: The reference [1] is linked to the original SEC filing, while [No specific source mentioned] indicates that the press release was not explicitly mentioned in the original text.