UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement
Securities Purchase Agreement
On April 4 , 2024, Safety Shot, Inc.., (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with one accredited investor (the “Investor” ) for the purchase of 2,369,668 shares (the “Shares”) at a price of $2.11 per share which was the closing price on April 4, 2024. The Shares were priced. on April 4, 2024 at the closing price. The Company’s President, Jordan Schur is a 15% owner of the Investor, but is not an officer or director. Other shareholders of the Investor are also members of his immediate family (but not dependents).. The Company paid no commissions in connection with the Offering and the net proceeds were approximately $4,975,000..
Registration Rights Agreement
On April 4, 2024, the Company also entered into a Registration Rights Agreement with the Investors (the “Registration Rights Agreement” and together with the SPA the “Agreements”), requiring the Company to register the Shares issued under the SPA. Pursuant to the Registration Rights Agreement, the Company has agreed to file one or more registration statements with the SEC covering the registration of the Shares.
The SPA and the Registration Rights Agreement, are filed as Exhibits 10.1, and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The above descriptions of the terms of the Agreements are qualified in their entirety by reference to such exhibits.
Item 3.02 Unregistered Sales of Equity Securities
The applicable information related to the Shares issued pursuant to the SPA presented in Item 1.01 of this Current Report is incorporated by reference in this Item 3.02. The Shares will be issued without prior registration in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act, and Rule 506(b) of Regulation D thereunder.
Item 7.01 Regulation FD
On April 5, 2024, the Company issued a press release. A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01 Exhibits
Exhibit No. | Description | |
10.01 | Securities Purchase Agreement dated April 4, 2024 | |
10.02 | Registration Rights Agreement | |
99.1 | Press Release dated April 5, 2024 | |
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 5, 2024
SAFETY SHOT, INC. | ||
By: | /s/ Jarrett Boon | |
Jarrett Boon, | ||
Chief Executive Officer |