Summary by Futu AI
On June 27, 2024, Safety Shot, Inc. entered into a Securities Purchase Agreement with an accredited investor for the sale of 943,396 shares at $1.06 each, matching the closing price of that date, with no discounts or commissions involved. The transaction resulted in net proceeds of approximately $1 million for the company. Notably, the investor has close ties to the company's President, Jordan Schur, who owns a 15% stake in the investing entity and has family members who are also shareholders. This investment follows a previous $5 million investment from the same group in April 2024. The shares were issued in a private placement without prior registration, relying on exemptions from registration requirements. The company also issued a press release on June 28, 2024, detailing the investment and highlighting the President's confidence in the company's growth and product innovation. Safety Shot, Inc. is a wellness and dietary supplement company known for developing a patented product that aids in metabolizing blood alcohol content.
