Safety Shot President Jordan Schur Invests $1 Million in the Company Through his Family Fund, Core 4 Capital Corp.
Safety Shot President Jordan Schur has made a $1 million private placement investment in the company through his family fund, Core 4 Capital Corp. This follows a prior $5 million investment by Core 4 Capital Corp in April 2024, coinciding with Schur's appointment as President. The recent investment involved the issuance of 943,396 shares at $1.06 per share, the closing price of Safety Shot's common stock, with no discount or attached warrants. The company incurred minimal expenses and paid no commissions, ensuring nearly all proceeds directly benefit Safety Shot. Schur expressed confidence in the company's growth and product innovation, highlighting the investment's potential to fuel further development.
- Safety Shot received a $1 million investment from its President, ensuring confidence in the company's future.
- The investment mirrors a previous $5 million commitment from Core 4 Capital Corp, totaling $6 million in recent funding.
- Shares were issued at market price, with no discount and no warrants attached, preserving shareholder value.
- Minimal expenses and no commissions mean nearly all funds raised will support the company's growth.
- The funding was achieved through the issuance of new shares, potentially leading to shareholder dilution.
Insights
Jordan Schur's additional investment of
From a financial perspective, it’s noteworthy that the investment was made at the market price with no discount and no attached warrants. This is relatively unusual, as private placements often come with such incentives, which can dilute existing shareholders' equity. The minimal expenses and lack of commissions further ensure that almost all of the funds will be utilized by Safety Shot, which is favorable for existing shareholders.
In the short-term, this infusion of capital should bolster the company's cash position, potentially funding operational expansions or R&D without the immediate need for debt financing. In the long-term, Schur's commitment might lay a foundation for future investor interest or strategic partnerships, given the demonstrated internal confidence.
The commitment by Core 4 Capital Corp and Jordan Schur, affirming an additional
However, it’s important to consider the context of these claims. While internal investments can signal confidence, they are not always a guaranteed indicator of market success. Investors should still perform their due diligence on Safety Shot's competitive positioning, product differentiation and market demands.
Additionally, the structure of the investment—being devoid of warrants and commissioned costs—helps retain value for current shareholders, reducing common concerns regarding dilution. This setup may also demonstrate an intentional move to maintain shareholder value, expecting positive returns from the market reception of their product.
This Private Placement Investment Comes in Addition to a
JUPITER, FL, June 28, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the “Company) is pleased to announce that Safety Shot President Jordan Schur has invested in a
Safety Shot raised gross proceeds of
“I’ve seen promise in this company from the very beginning and I’m excited about the progress that I’ve seen over the last four months,” said Schur. “Safety Shot’s growth trajectory is a testament to the innovation of our product and the demand for this type of solution in the market and I can’t see a better use of my family's funds than to help the continued advancement of the Company in these early stages.”
About Safety Shot, Inc
Safety Shot, Inc., a wellness and dietary supplement company, has developed Safety Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while boosting clarity, energy and overall mood. Safety Shot is available for purchase online at DrinkSafetyShot.com and Amazon. The Company is introducing business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars throughout 2024.
Media and Investor Contact:
Autumn Communications
Jessica Weinberger
Phone: 916-677-7495
Email: shot@autumncommunications.com
Medon Michaelides
Investor Relations
Phone: 561-244-7100
Email: investors@drinksafetyshot.com
FAQ
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