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Safety Shot | CORRESP: CORRESP

SEC ·  Jan 13 03:00

Summary by Futu AI

Safety Shot, Inc. has addressed several comments from the Securities and Exchange Commission (SEC) regarding its Post-Effective Amendment No. 3 on Form S-1, initially filed on December 27, 2023. The company clarified discrepancies in its product launch disclosures, stating that Safety Shot was launched on Amazon and its website in December 2023, with plans to expand to big box stores in the first quarter of 2024. Safety Shot also revised its Registration Statement to remove highlighted license agreements from the summary, instead detailing them in the Business section, and filed the agreements as exhibits. The company responded to the SEC's concerns about its ability to continue as a going concern by disclosing its primary capital requirements and potential sources of capital, including equity...Show More
Safety Shot, Inc. has addressed several comments from the Securities and Exchange Commission (SEC) regarding its Post-Effective Amendment No. 3 on Form S-1, initially filed on December 27, 2023. The company clarified discrepancies in its product launch disclosures, stating that Safety Shot was launched on Amazon and its website in December 2023, with plans to expand to big box stores in the first quarter of 2024. Safety Shot also revised its Registration Statement to remove highlighted license agreements from the summary, instead detailing them in the Business section, and filed the agreements as exhibits. The company responded to the SEC's concerns about its ability to continue as a going concern by disclosing its primary capital requirements and potential sources of capital, including equity or debt sales, warrant exercises, and sales of shares from other investments. Safety Shot updated its executive and director compensation disclosures and removed all incorporation by reference in its Registration Statement. The company also clarified the roles of its eight full-time employees and revised its product development and commercialization disclosures, ensuring compliance with FDA regulations and removing any unapproved claims of safety and efficacy. The revised Registration Statement includes clarifications on the regulatory status of its products, including Safety Shot's classification as a dietary supplement and its compliance with California Proposition 65.

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