Safety Shot Spins Off Caring Brands Business with Plans to Issue a Dividend to Shareholders
Safety Shot, Inc. (SHOT)
Company Research
Source: GlobeNewswire
The Company is Divesting its Wellness Unit to Create Value for Shareholders and to Focus on Commercialization of its Safety Shot Dietary Supplement JUPITER, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (“Safety Shot” or “the Company”) is excited to announce that the Company has entered into a Separation and Exchange Agreement with its subsidiary Caring Brands, Inc. (“Caring Brands”) whereby Caring Brands will operate as its own entity. Safety Shot is transferring its wellness consumer products segment, along with associated assets, intellectual property, and liabilities, to Caring Brands, an innovative developer of natural based therapeutics and wellness products. Caring Brands focuses on the treatment of hair growth, psoriasis, vitiligo, and atopic dermatitis (eczema). Spinning off the wellness unit will help each separate entity to pursue its own distinct strategy and business, while allowing shareholders to evaluate how each business is performing.
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SHOT
News
- Safety Shot Spins Off Caring Brands Business with Plans to Issue a Dividend to ShareholdersPR Newswire
- Safety Shot Partners with Launchpad to Tap into the Large and Influential College Student Market [Yahoo! Finance]Yahoo! Finance
- Safety Shot Partners with Launchpad to Tap into the Large and Influential College Student MarketPR Newswire
- Safety Shot Partners with Launchpad to Tap into the Large and Influential College Student MarketGlobeNewswire
- Safety Shot Announces Notice of Allowance for New Patent to Secure IP and Enforce Clinically Backed ClaimsPR Newswire
SHOT
Sec Filings
- 9/26/24 - Form 8-K
- 9/24/24 - Form S-3
- 9/24/24 - Form 8-K
- SHOT's page on the SEC website