share_log

8-K: Current report

SEC ·  Sep 26 21:47

Summary by Futu AI

On September 26, 2024, Safety Shot, Inc., a wellness and dietary supplement company, announced the spin-off of its wellness consumer products segment, Caring Brands, into a separate entity. This strategic move allows Safety Shot to focus on the commercialization of its proprietary Safety Shot Dietary Supplement, which is designed to reduce Blood Alcohol Content by supporting alcohol metabolism. As part of the divestiture, Safety Shot will receive three million shares of Caring Brands stock, and plans to issue a dividend of two million shares to its shareholders. Caring Brands, which specializes in natural therapeutics for conditions like hair growth and eczema, intends to go public through an IPO within the next three months. Safety Shot's product is available for purchase online and is expanding its business-to-business sales throughout 2024.
On September 26, 2024, Safety Shot, Inc., a wellness and dietary supplement company, announced the spin-off of its wellness consumer products segment, Caring Brands, into a separate entity. This strategic move allows Safety Shot to focus on the commercialization of its proprietary Safety Shot Dietary Supplement, which is designed to reduce Blood Alcohol Content by supporting alcohol metabolism. As part of the divestiture, Safety Shot will receive three million shares of Caring Brands stock, and plans to issue a dividend of two million shares to its shareholders. Caring Brands, which specializes in natural therapeutics for conditions like hair growth and eczema, intends to go public through an IPO within the next three months. Safety Shot's product is available for purchase online and is expanding its business-to-business sales throughout 2024.

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