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Safety Shot, Inc. has changed its name to Bonk, Inc. and reports developments tied to a strategy centered on the BONK digital asset ecosystem. Recent company updates describe BONK Holdings LLC, a subsidiary formed to house the digital asset treasury strategy, the company’s BONK token accumulation, and its revenue-sharing interest in letsBONK.fun.
Recurring news themes include treasury management for BONK holdings, digital-asset partnerships, governance and board changes, shareholder voting matters, and capital-structure actions related to the company’s public-market transformation. Updates also reference the company’s Nasdaq trading identity and the transition from SHOT to BNKK.
RMG ML Sports Holdings (Nasdaq:SHOTU), a SPAC, announced the closing of a partial exercise of the IPO over-allotment option. Underwriters bought an additional 1,650,000 units at $10.00 each, adding $16.5 million in gross proceeds and bringing the IPO total to 21,650,000 units and $216.5 million.
Each unit includes one Class A ordinary share and one right to receive one-eighth of a Class A share after the initial business combination. Units trade on the Nasdaq Global Market as SHOTU, with shares and rights expected to trade separately as SHOT and SHOTR.
RMG ML Sports Holdings (Nasdaq: SHOTU/SHOT/SHOTR), a newly formed SPAC, priced a $200 million initial public offering of 20,000,000 units at $10.00 per unit. Each unit includes one Class A share and a right to receive 1/8 of a Class A share after the initial business combination.
The units are expected to begin trading on Nasdaq’s Global Market on June 10, 2026, with the offering closing on June 11, 2026, subject to customary conditions. The underwriter has a 45-day option to buy up to 3,000,000 additional units to cover over-allotments.
Bonk, Inc. (formerly Safety Shot, Inc.; Nasdaq: BNKK) announced a corporate name change and ticker symbol change effective at the open of trading on October 10, 2025. The rebrand follows the acquisition of a recurring revenue‑sharing interest in the memecoin launchpad letsBONK.fun and the company’s accumulation of a BONK token treasury. The company positions itself as a public‑market vehicle for the BONK ecosystem and said its mission is to build shareholder value via revenue from letsBONK.fun and active BONK treasury management. Company CUSIPs remain 48208F105 (common) and 48208F113 (warrants), and no action is required by stockholders.
Safety Shot (NASDAQ: SHOT) said subsidiary BONK Holdings increased its stake to over 2.7% of BONK’s circulating supply and set a year-end target to reach 5%. The treasury accumulation follows receipt of a $500,000 revenue share from the company’s 10% interest in letsBONK.fun, with an additional ~$650,000 expected within 27 days. The company says it is reinvesting non-dilutive operational revenue into BONK during a market sell-off and cites a debt-free balance sheet as enabling opportunistic buys ahead of historically stronger Q4 token performance.
Safety Shot (NASDAQ: SHOT) has announced a strategic partnership with Monarq Asset Management to actively manage its BONK Holdings LLC subsidiary. The company's digital asset treasury, currently holding over $50 million in BONK tokens, will be managed under a three-pronged strategy focusing on active treasury management, yield generation, and wealth preservation.
The partnership aims to create a self-sustaining financial model by generating sufficient yield to cover Safety Shot's public operating expenses. This revenue stream will complement the company's existing 10% revenue sharing interest in the memecoin launchpad, letsBONK.fun. The initiative represents Safety Shot's strategic move to position itself as the premier public vehicle for investors seeking exposure to the BONK ecosystem.
Safety Shot (NASDAQ:SHOT) has announced additional details regarding its strategic Board of Directors refresh. The company is seeking shareholder approval in October for three new director appointments, following the resignations of Jordan Schur and Rich Pascucci. As part of its transformation strategy, Safety Shot has reserved the trading symbol "BNKK" with Nasdaq and plans to implement a name change in the near future.
The company's CEO, Jarrett Boon, expressed confidence in the value and expertise of the new directors - Connor, Stacey, and Jamie. Mitchell Rudy, a BONK core contributor, emphasized that the board approval will mark a significant milestone in establishing the company as the premier public vehicle for the BONK ecosystem.
Safety Shot (NASDAQ:SHOT) announced a strategic board refresh with three new appointments to align with its new corporate direction focused on its BONK Holdings LLC subsidiary. The company appointed Connor Klein (Investment Partner at New Form Capital), Stacey Duffy (financial due diligence expert), and Jamie McAvity (CEO of Bitcoin miner Cormint) to its Board of Directors.
The board restructuring includes the resignations of Jordan Schur (President and Board member) and Rich Pascucci (Board member). The new seven-member board now has a majority of BONK-aligned directors, signaling a shift towards digital assets, capital markets, and high-growth operations.
Safety Shot (NASDAQ:SHOT) has announced the formation of BONK Holdings LLC, a new subsidiary focused on digital asset strategy. The company has executed a $5 million purchase of BONK tokens, bringing its total holdings to 228.9 billion BONK tokens, representing over 2.5% of the total circulating supply valued at approximately $55 million.
BONK Holdings plans to actively manage its digital assets through participation in the Solana DeFi ecosystem via staking, providing liquidity, and yield farming. The company also maintains a 10% revenue sharing interest from the letsBONK.fun platform, which will fund future BONK token acquisitions.
Safety Shot (Nasdaq: SHOT) announced the appointment of Mitchell Rudy (Nom), a BONK core contributor, to its Board of Directors, following Dave Long's resignation. This strategic move aligns with the company's evolution towards bridging traditional public markets and the digital asset ecosystem.
Rudy, who has been active in the Solana ecosystem since 2021 and became a BONK core contributor in 2022, brings expertise in Natural Language Processing and Robot Process Automation. The appointment represents Safety Shot's commitment to developing new revenue streams and strengthening its position in the digital asset space.
Safety Shot (NASDAQ: SHOT) has secured a significant $30 million strategic investment through a combined financing deal. The transaction includes a $5 million registered direct offering in cash and a $25 million private placement paid in BONK tokens by BONK founding members, with shares priced at $0.46 per share.
The investment represents a strategic partnership with FalconX and the BONK ecosystem, providing Safety Shot with both a direct stake in letsBONK.fun's operations and a growing BONK token treasury. The deal is expected to close around August 27, 2025, subject to customary conditions.