Safety Shot Reaches an Amicable Litigation Settlement Agreement, Strengthening Financial Position and Fostering Strategic Partnerships
Safety Shot (NASDAQ: SHOT) has announced a settlement agreement with Bigger Capital , resolving pending litigation and strengthening the company's financial position. The agreement includes Bigger Capital receiving participation rights of up to 25% in future Safety Shot financings, though there are no specific commitments or understandings regarding future financing terms or participation levels.
CEO Jarrett Boon emphasized that the settlement eliminates uncertainty and allows the company to focus on its growth strategy. Michael Bigger of Bigger Capital expressed confidence in Safety Shot's vision and potential, indicating interest in exploring ways to enhance their relationship.
The wellness and dietary supplement company plans to focus on expanding its product portfolio, strengthening its distribution network, and pursuing opportunities in the wellness and functional beverage market.
Safety Shot (NASDAQ: SHOT) ha annunciato un accordo di risoluzione con Bigger Capital, risolvendo contenziosi pendenti e rafforzando la posizione finanziaria dell'azienda. L'accordo prevede che Bigger Capital riceva diritti di partecipazione fino al 25% in futuri finanziamenti di Safety Shot, sebbene non ci siano impegni specifici o intese riguardo ai termini di finanziamento o ai livelli di partecipazione futuri.
Il CEO Jarrett Boon ha sottolineato che l'accordo elimina l'incertezza e consente all'azienda di concentrarsi sulla sua strategia di crescita. Michael Bigger di Bigger Capital ha espresso fiducia nella visione e nel potenziale di Safety Shot, indicando interesse a esplorare modi per migliorare la loro relazione.
L'azienda nel settore del benessere e degli integratori alimentari pianifica di concentrarsi sull'espansione del proprio portafoglio prodotti, rafforzando la rete di distribuzione e perseguendo opportunità nel mercato del benessere e delle bevande funzionali.
Safety Shot (NASDAQ: SHOT) ha anunciado un acuerdo de liquidación con Bigger Capital, resolviendo litigios pendientes y fortaleciendo la posición financiera de la empresa. El acuerdo incluye que Bigger Capital reciba derechos de participación de hasta el 25% en futuros financiamientos de Safety Shot, aunque no hay compromisos específicos o entendimientos sobre los términos de financiamiento o niveles de participación futuros.
El CEO Jarrett Boon enfatizó que la liquidación elimina la incertidumbre y permite a la empresa concentrarse en su estrategia de crecimiento. Michael Bigger de Bigger Capital expresó confianza en la visión y el potencial de Safety Shot, indicando interés en explorar maneras de mejorar su relación.
La empresa de bienestar y suplementos dietéticos planea enfocarse en expandir su portafolio de productos, fortalecer su red de distribución y buscar oportunidades en el mercado del bienestar y las bebidas funcionales.
세이프티 샷 (NASDAQ: SHOT)은 빅거 캐피탈과의 합의 계약을 발표하며, 진행 중인 소송을 해결하고 회사의 재정 상황을 강화했습니다. 이 계약은 빅거 캐피탈이 미래의 세이프티 샷 자금 조달에서 최대 25%의 참여 권리를 받는 것을 포함하지만, 향후 자금 조달 조건이나 참여 수준에 대한 구체적인 약속이나 이해는 없습니다.
CEO 자렛 분은 이번 합의가 불확실성을 제거하고 회사가 성장 전략에 집중할 수 있도록 한다고 강조했습니다. 빅거 캐피탈의 마이클 빅거는 세이프티 샷의 비전과 잠재력을 신뢰하며, 그들의 관계를 증진할 방법을 모색할 의사를 표명했습니다.
웰빙 및 건강 보조 식품 회사는 제품 포트폴리오 확대, 유통망 강화, 웰빙 및 기능성 음료 시장에서의 기회를 추구하는 데 집중할 계획입니다.
Safety Shot (NASDAQ: SHOT) a annoncé un accord de règlement avec Bigger Capital, mettant fin aux litiges en cours et renforçant la position financière de l'entreprise. L'accord prévoit que Bigger Capital obtienne des droits de participation allant jusqu'à 25 % dans les futurs financements de Safety Shot, bien qu'il n'y ait pas d'engagements ou d'accords spécifiques concernant les conditions de financement ou les niveaux de participation futurs.
Le PDG Jarrett Boon a souligné que le règlement élimine l'incertitude et permet à l'entreprise de se concentrer sur sa stratégie de croissance. Michael Bigger de Bigger Capital a exprimé sa confiance dans la vision et le potentiel de Safety Shot, indiquant son intérêt à explorer des moyens d'améliorer leur relation.
L'entreprise de bien-être et de compléments alimentaires prévoit de se concentrer sur l'expansion de son portefeuille de produits, le renforcement de son réseau de distribution et la recherche d'opportunités sur le marché du bien-être et des boissons fonctionnelles.
Safety Shot (NASDAQ: SHOT) hat eine Vergleichsvereinbarung mit Bigger Capital angekündigt, die laufende Rechtsstreitigkeiten beendet und die finanzielle Position des Unternehmens stärkt. Die Vereinbarung sieht vor, dass Bigger Capital Teilnahmerechte von bis zu 25% an künftigen Finanzierungen von Safety Shot erhält, wobei es jedoch keine spezifischen Verpflichtungen oder Vereinbarungen zu künftigen Finanzierungsbedingungen oder Teilnahmelevels gibt.
CEO Jarrett Boon betonte, dass der Vergleich die Unsicherheit beseitigt und es dem Unternehmen ermöglicht, sich auf seine Wachstumsstrategie zu konzentrieren. Michael Bigger von Bigger Capital äußerte Vertrauen in die Vision und das Potenzial von Safety Shot und zeigte Interesse daran, Möglichkeiten zur Verbesserung ihrer Beziehung zu erkunden.
Das Wellness- und Nahrungsergänzungsmittel-Unternehmen plant, sich auf die Erweiterung seines Produktportfolios, die Stärkung seines Vertriebsnetzes und die Verfolgung von Möglichkeiten im Wellness- und Functional Beverage-Markt zu konzentrieren.
- Resolution of pending litigation removes legal uncertainty
- Potential access to future capital through Bigger Capital's participation rights
- Improved financial flexibility for growth initiatives
- Dilution risk from potential future financing participation rights granted to Bigger Capital (up to 25%)
Insights
The settlement agreement between Safety Shot and Bigger Capital represents a significant strategic development that warrants careful analysis. With a market cap of
The key element of this settlement is the 25% participation right granted to Bigger Capital in future financings. This structure serves multiple purposes:
- It provides Safety Shot with a potential cornerstone investor for future capital raises, which is important for a small-cap company in the competitive wellness sector
- It signals confidence from an institutional investor, potentially attracting other investors
- It creates a framework for ongoing capital access without immediate dilution
However, the settlement's terms require careful consideration. The participation right is notably structured as a right rather than an obligation and the company explicitly states there are no firm commitments regarding future financing terms. This flexibility could be advantageous for Safety Shot, allowing them to negotiate terms based on market conditions and company performance.
From a strategic perspective, resolving this litigation removes a significant overhang that likely impacted the company's ability to execute its growth strategy effectively. The settlement's timing suggests a pragmatic approach by management to clear obstacles before pursuing more aggressive growth initiatives in the wellness and functional beverage market.
What's particularly noteworthy is Bigger Capital's expressed interest in exploring ways to enhance their relationship with Safety Shot. This suggests the settlement could evolve into a more comprehensive strategic partnership, potentially providing value beyond mere capital access. For a company of Safety Shot's size, having an engaged institutional investor could provide valuable guidance and credibility in the market.
The immediate impact of this settlement is the elimination of legal uncertainty and associated costs. Looking forward, the structure of future financings and the extent of Bigger Capital's participation will be important metrics to monitor, as they will directly impact shareholder value and the company's growth trajectory.
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
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
FAQ
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