UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM
CURRENT REPORT
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Item 1.01 Entry Into A Material Agreement
On April 26, 2021, Jupiter Wellness, Inc. (the “Company) entered into an Asset Purchase Agreement (the “APA”) with Ascent Clinical Research Inc, (“ACR”). The APA provides for the purchase of the assets of ACR used in its business (the “ACR Business”) by the Company in exchange for 5% of the future net revenues generated by the ACR Business. ACR is a clinical research company.
Item 8.01 Other Events.
On April 27, 2022, Jupiter Wellness, Inc. (the “Company”) issued a press release announcing that it has concluded its Asset Purchase Agreement with Ascent Clinical Research, Inc., acquiring clinical assets including approximately $3 million worth of clinical trial research contracts. A copy of the press release is attached as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits
Exhibits
| Exhibit No. | Description | |
| 10.1 | Asset Purchase Agreement by and among Jupiter Wellness, Inc. and Ascent Clinical Research, Inc. dated as of April 26, 2022 | |
| 99.1 | Press Release dated April 27, 2022 | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 27, 2022
| JUPITER WELLNESS, INC. | ||
| By: | /s/ Brian John | |
| Brian John | ||
| Chief Executive Officer | ||