Safety Shot Spins Off Caring Brands Business with Plans to Issue a Dividend to Shareholders
Safety Shot, Inc. (Nasdaq: SHOT) has announced a strategic move to spin off its wellness consumer products segment into a separate entity called Caring Brands, Inc. This decision aims to create value for shareholders and allow Safety Shot to focus on commercializing its proprietary Safety Shot Dietary Supplement, which supports alcohol metabolism and reduces Blood Alcohol Content.
As part of the agreement, Safety Shot will receive three million shares of Caring Brands stock. The company plans to issue a dividend of two million shares to Safety Shot shareholders. Caring Brands, which develops natural-based therapeutics for conditions like hair growth, psoriasis, vitiligo, and eczema, intends to go public via an IPO within the next three months.
This separation will enable each entity to pursue its distinct strategy and business, allowing shareholders to evaluate the performance of each business independently. Caring Brands will be responsible for all costs associated with its wellness business operations moving forward.
Safety Shot, Inc. (Nasdaq: SHOT) ha annunciato un'importante decisione strategica per scorporare il suo segmento di prodotti consumer per il benessere in un'entità separata chiamata Caring Brands, Inc. Questa decisione mira a creare valore per gli azionisti e consentire a Safety Shot di concentrarsi sulla commercializzazione del suo integratore alimentare brevettato Safety Shot, che supporta il metabolismo dell'alcol e riduce il tasso di alcool nel sangue.
Come parte dell'accordo, Safety Shot riceverà tre milioni di azioni di Caring Brands. L'azienda prevede di emettere un dividendo di due milioni di azioni agli azionisti di Safety Shot. Caring Brands, che sviluppa terapie a base naturale per condizioni come la crescita dei capelli, la psoriasi, il vitiglio e l'eczema, intende quotarsi in borsa tramite un IPO nei prossimi tre mesi.
Questa separazione consentirà a ciascuna entità di perseguire la propria strategia e attività distinte, permettendo agli azionisti di valutare le prestazioni di ciascun business in modo indipendente. Caring Brands sarà responsabile di tutti i costi associati alle sue operazioni nel settore del benessere d'ora in avanti.
Safety Shot, Inc. (Nasdaq: SHOT) ha anunciado un movimiento estratégico para escindir su segmento de productos de bienestar para los consumidores en una entidad separada llamada Caring Brands, Inc. Esta decisión tiene como objetivo crear valor para los accionistas y permitir que Safety Shot se concentre en la comercialización de su complemento dietético patentado Safety Shot, que apoya el metabolismo del alcohol y reduce el contenido de alcohol en sangre.
Como parte del acuerdo, Safety Shot recibirá tres millones de acciones de Caring Brands. La compañía planea emitir un dividendo de dos millones de acciones a los accionistas de Safety Shot. Caring Brands, que desarrolla terapias basadas en productos naturales para condiciones como el crecimiento del cabello, la psoriasis, el vitíligo y el eczema, tiene la intención de salir a bolsa a través de una oferta pública inicial (IPO) en los próximos tres meses.
Esta separación permitirá que cada entidad persiga su estrategia y negocio distintos, permitiendo a los accionistas evaluar el rendimiento de cada negocio de manera independiente. Caring Brands será responsable de todos los costos asociados con sus operaciones comerciales de bienestar en el futuro.
Safety Shot, Inc. (Nasdaq: SHOT)는 웰니스 소비자 제품 부문을 분리하여 Caring Brands, Inc.라는 별도의 법인으로 전환하는 전략적 결정을 발표했습니다. 이 결정은 주주를 위한 가치를 창출하고 Safety Shot이 알코올 대사를 지원하고 혈중 알코올 농도를 낮추는 독점 식이 보충제인 Safety Shot을 상용화하는 데 집중할 수 있도록 하기 위함입니다.
합의의 일환으로, Safety Shot은 Caring Brands 주식 300만 주를 받게 됩니다. 회사는 Safety Shot 주주에게 200만 주의 배당금을 지급할 계획입니다. Caring Brands는 자연 기반 치료제를 개발하며, 이는 머리 성장, 건선, 백반증, 아토피 피부염과 같은 질환에 대한 것입니다. 이들은 향후 3개월 이내에 IPO를 통해 상장할 계획입니다.
이 분리는 각 기관이 독립적으로 자신의 전략과 비즈니스를 추구할 수 있게 하여 주주가 각 비즈니스의 성과를 독립적으로 평가할 수 있도록 합니다. Caring Brands는 앞으로 웰니스 비즈니스 운영과 관련된 모든 비용을 담당하게 됩니다.
Safety Shot, Inc. (Nasdaq: SHOT) a annoncé un mouvement stratégique pour dissocier son segment de produits de bien-être pour les consommateurs dans une entité séparée appelée Caring Brands, Inc. Cette décision vise à créer de la valeur pour les actionnaires et permettra à Safety Shot de se concentrer sur la commercialisation de son complément alimentaire breveté, Safety Shot, qui soutient le métabolisme de l'alcool et réduit le taux d'alcool dans le sang.
Dans le cadre de l'accord, Safety Shot recevra trois millions d'actions de Caring Brands. La société prévoit de distribuer un dividende de deux millions d'actions aux actionnaires de Safety Shot. Caring Brands, qui développe des thérapies à base de produits naturels pour des conditions telles que la repousse des cheveux, le psoriasis, le vitiligo et l'eczéma, entend devenir une société cotée en bourse grâce à une introduction en bourse dans les trois mois à venir.
Cette séparation permettra à chaque entité de suivre sa propre stratégie et ses activités distinctes, permettant ainsi aux actionnaires d'évaluer indépendamment la performance de chaque entreprise. Caring Brands sera responsable de tous les coûts associés à ses opérations commerciales dans le domaine du bien-être à l'avenir.
Safety Shot, Inc. (Nasdaq: SHOT) hat einen strategischen Schritt angekündigt, um sein Wellness-Verbraucherprodukte-Segment abzuspalten und in eine separate Gesellschaft namens Caring Brands, Inc. zu überführen. Diese Entscheidung zielt darauf ab, Wert für die Aktionäre zu schaffen und Safety Shot zu ermöglichen, sich auf die Kommerzialisierung seines proprietären Safety Shot Nahrungsergänzungsmittels zu konzentrieren, das den Alkoholstoffwechsel unterstützt und den Blutalkoholgehalt senkt.
Im Rahmen der Vereinbarung wird Safety Shot drei Millionen Aktien von Caring Brands erhalten. Das Unternehmen plant, zwei Millionen Aktien als Dividende an die Aktionäre von Safety Shot auszugeben. Caring Brands, das natürliche Therapien für Erkrankungen wie Haarausfall, Psoriasis, Vitiligo und Ekzeme entwickelt, beabsichtigt, innerhalb der nächsten drei Monate über ein IPO an die Börse zu gehen.
Diese Trennung wird es jeder Einheit ermöglichen, ihre eigene Strategie und Geschäft zu verfolgen, und den Aktionären die Möglichkeit geben, die Leistung jedes Unternehmens unabhängig zu bewerten. Caring Brands wird künftig für alle Kosten im Zusammenhang mit seinen Wellness-Geschäftstätigkeiten verantwortlich sein.
- Spin-off of wellness segment allows Safety Shot to focus on core product commercialization
- Safety Shot to receive 3 million shares of Caring Brands stock
- Planned dividend of 2 million Caring Brands shares to Safety Shot shareholders
- Potential value creation for shareholders through separate entity evaluation
- Divestment of wellness segment may reduce diversification of Safety Shot's business
- Success of Caring Brands' IPO and future performance uncertain
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.
Moving forward Caring Brands will be responsible for all costs associated with the operation of its wellness business. Caring Brands’ intent is to go public via an initial public offering (IPO) within the next three months.
As part of the agreement to divest Caring Brands, Safety Shot will receive three million shares of Caring Brands stock. To create value for shareholders, the Company’s Board plans to issue a dividend of two million shares for Safety Shot shareholders.
"Separating our wellness business into its own public entity is a strategic move that allows the Company to maximize its efforts on the commercialization of the Safety Shot Dietary Supplement, our proprietary supplement that reduces Blood Alcohol Content by supporting the metabolism of alcohol.
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. For more information on Safety Shot, visit www.drinksafetyshot.com and Amazon.
Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding Safety Shot’s ability to develop and commercialize a product that lowers blood alcohol content, the timing, progress and results of non-clinical studies and clinical trials, including our product development plans and strategies, Safety Shot’s future results of operations or financial condition, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements are based on Safety Shot’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, our ability to comply with applicable U.S. and foreign laws, rules, and regulations, product liability claims, our ability to develop and market Safety Shot and the risks and uncertainties that are described more fully in the section titled “Risk Factors” in Safety Shot’s Form 10-Q for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission on August 15, 2024, and its other filings with the Securities and Exchange Commission. Forward-looking statements contained in this press release are made as of this date, and Safety Shot undertakes no duty to update such information except as required under applicable law.
Media and Investor Contact:
Autumn Communications
Jess Weinberger
Phone: 201-213-3239
Email: shot@autumncommunications.com
Investor Relations
Medon Michaelides
Phone: 561-244-7100
Email: investors@drinksafetyshot.com
FAQ
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