Safety Shot, Inc. settles litigation with Bigger Capital, enhancing financial flexibility and strategic growth opportunities in wellness products.
Quiver AI Summary
Safety Shot, Inc. has announced a settlement with Bigger Capital LLC, resolving litigation and enhancing its financial stability for future growth. This agreement enables the company to pursue its strategic initiatives, such as expanding its product line and distribution network in the wellness and functional beverage market. CEO Jarrett Boon expressed satisfaction with the resolution, which alleviates uncertainty and allows for a focus on growth and shareholder value. The settlement also includes a participation right for Bigger Capital in future financings, providing Safety Shot with capital access and strategic guidance. With the litigation behind them, Safety Shot aims to leverage the increasing demand for its wellness products while continuing to develop strategic partnerships.
Potential Positives
- The settlement with Bigger Capital eliminates outstanding litigation, providing clarity and allowing Safety Shot to focus on its growth strategies.
- This resolution enhances Safety Shot's financial flexibility and strengthens strategic partnerships that can facilitate future capital access.
- With litigation resolved, Safety Shot is positioned to capitalize on increasing demand for its wellness products, signaling potential for expanded market opportunities.
- The partnership with Bigger Capital allows for up to 25% participation in future financings, which could support the company's growth initiatives and enhance shareholder value.
Potential Negatives
- The necessity of settling litigation may indicate prior instability or risk factors that could have previously affected investor confidence.
- Having to allocate up to 25% participation rights to Bigger Capital in future financings could dilute existing shareholders' equity and control.
- The reliance on future growth tied to strategic partnerships raises concerns about the company's independence and operational flexibility.
FAQ
What recent settlement did Safety Shot announce?
Safety Shot announced a settlement agreement with Bigger Capital LLC, resolving outstanding litigation and enhancing its financial foundation.
How does the settlement affect Safety Shot's growth strategy?
The settlement eliminates uncertainty, allowing Safety Shot to focus on its growth strategy, product expansion, and distribution network development.
What is Sure Shot by Safety Shot?
Sure Shot is a patented wellness product that lowers blood alcohol content while boosting clarity, energy, and overall mood.
Who can purchase Sure Shot products?
Sure Shot is available for purchase online at sureshot.com, Walmart.com, and Amazon, and is expanding into business-to-business sales throughout 2025.
What benefits does Bigger Capital bring to Safety Shot?
Bigger Capital offers access to capital and strategic guidance as part of the settlement, supporting Safety Shot's ongoing growth strategy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SHOT Insider Trading Activity
$SHOT insiders have traded $SHOT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SHOT stock by insiders over the last 6 months:
- CHRISTOPHER MELTON sold 3,470 shares for an estimated $2,966
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SHOT Hedge Fund Activity
We have seen 21 institutional investors add shares of $SHOT stock to their portfolio, and 22 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- M HOLDINGS SECURITIES, INC. removed 152,463 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $186,004
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 139,236 shares (+137.6%) to their portfolio in Q3 2024, for an estimated $169,867
- MILLENNIUM MANAGEMENT LLC removed 107,543 shares (-90.3%) from their portfolio in Q3 2024, for an estimated $131,202
- STEWARD PARTNERS INVESTMENT ADVISORY, LLC added 103,000 shares (+217.8%) to their portfolio in Q3 2024, for an estimated $125,660
- PALLAS CAPITAL ADVISORS LLC removed 65,000 shares (-86.7%) from their portfolio in Q4 2024, for an estimated $46,800
- UBS GROUP AG removed 63,085 shares (-99.2%) from their portfolio in Q3 2024, for an estimated $76,963
- BLACKROCK, INC. removed 47,179 shares (-7.0%) from their portfolio in Q3 2024, for an estimated $57,558
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SCOTTSDALE, Ariz., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (“Safety Shot” or the “Company”), a wellness and dietary supplement company, today announced that it has reached a settlement agreement with Bigger Capital LLC, resolving outstanding litigation and further solidifying the Company's financial foundation for future growth.
This settlement allows Safety Shot to move forward with its strategic initiatives, including expanding its product portfolio, strengthening its distribution network, and pursuing new opportunities in the rapidly growing wellness and functional beverage market.
"We are pleased to have reached an amicable resolution in this matter," said Jarrett Boon, CEO of Safety Shot. "This settlement eliminates uncertainty and allows us to focus our resources on executing our growth strategy and delivering value to our shareholders."
Strengthening Financial Position and Strategic Relationships
The settlement provides Safety Shot with enhanced financial flexibility and fosters the development of key strategic relationships.
"I am glad to have the litigation resolved. I believe the Company's vision and potential are impressive, and we are exploring ways to further enhance our relationship" said Michael Bigger of Bigger Capital.
As part of the litigation settlement, Bigger Capital insisted upon having a participation right of up to 25% in future Safety Shot financings to facilitate Safety Shot’s growth. A partnership with Bigger Capital provides Safety Shot with access to capital and strategic guidance as it continues to execute its growth strategy.
Focused on Future Growth
With this legal matter resolved, Safety Shot is well-positioned to capitalize on the growing demand for its innovative wellness products. The Company remains committed to expanding its product portfolio, strengthening its distribution network, and building strategic partnerships to drive growth and enhance shareholder value.
"Resolving this litigation removes a major obstacle and allows us to fully focus on our core business and strategic objectives," said Boone. "We are excited about the future and confident in our ability to deliver value to our shareholders."
There are no agreements, commitments, or understandings between the Company and Bigger Capital with respect to the terms of future financings or as to the level of participation, if any, with Bigger Capital in any such financings.
About Safety Shot, Inc.
Safety Shot, Inc., a wellness and dietary supplement company, has developed Sure Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while boosting clarity, energy, and overall mood. Sure Shot is available for purchase online at
www.sureshot.com
,
www.walmart.com
and Amazon. The Company is introducing business-to-business sales of Sure Shot to distributors, retailers, restaurants, and bars throughout 2025.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to SHOT. All statements other than statements of historical facts contained in this press release, including statements regarding SHOT’s future results of operations and financial position, SHOT’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of SHOT are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to SHOT which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that SHOT may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under “Risk Factors” in filings with the SEC made by SHOT. Moreover, SHOT operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond SHOT’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. None of SHOT gives any assurance that SHOT will achieve its expectations. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, SHOT assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. There are no agreements, commitments, or understandings between the Company and Bigger Capital with respect to the terms of future financings or as to the level of participation, if any, with Bigger Capital in any such financings.
Investor Relations
Phone: 561-244-7100
Email:
investors@drinksafetyshot.com
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