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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C., 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 11, 2023
JUPITER
WELLNESS, INC.
(Exact
name of registrant as specified in charter)
Delaware |
|
001-39569 |
|
83-2455880 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
1061
E. Indiantown Rd., Ste. 110, Jupiter, FL 33477
(Address
of principal executive offices) (Zip Code)
(561)
244-7100
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
JUPW |
|
The
Nasdaq Stock Market LLC
(The
Nasdaq Capital Market) |
|
|
|
|
|
Warrants,
each exercisable for one share of Common Stock at $8.50 per share |
|
JUPWW |
|
The
Nasdaq Stock Market LLC
(The
Nasdaq Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01 Other Events
On
July 11, 2023, Jupiter Wellness, Inc., issued a press release. A copy of the press release is furnished hereto as Exhibit 99.1
and incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits
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:
July 11, 2023
JUPITER WELLNESS, INC. |
|
|
|
|
By: |
/s/
Brian John |
|
|
Brian
John |
|
|
Chief
Executive Officer |
|
Exhibit 99.1
Jupiter
Wellness, Inc. Announces Postponement of Spin-Off and Distribution of Common Stock of SRM Entertainment, Inc.
JUPITER, FL, July 11,
2023 (GLOBE NEWSWIRE) — Jupiter Wellness, Inc. (Nasdaq: JUPW) (the “Company” or “Jupiter Wellness”), today
announced that the payment date for the distribution of shares of common stock, par value $0.0001 per share (“SRM Common
Stock”), of SRM Entertainment, Inc. (“SRM”), currently a majority-owned subsidiary of the Company, to effect the
spin-off of the SRM business has been delayed. The previously announced distribution to be paid on or about July 12, 2023, and the
previously announced trading date of SRM Common Stock on the Nasdaq Capital Market (“Nasdaq”) of on or about
July 13, 2023, has been delayed until SRM’s Registration Statement on Form S-1 (Filed No. 333-272250), as amended, relating
to shares of SRM Common Stock (the “Registration Statement”), has been declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) and the listing of the SRM Common Stock on Nasdaq has been approved by Nasdaq.
The previously announced record date of July 7, 2023, will remain the same.
The
Company remains intent on effectuating the distribution as soon as it may do so in compliance with federal securities laws and
appropriate regulatory approval. The Company will update its stockholders with respect to the distribution payment date when circumstances
so permit.
This
press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an
offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to consummation of the offering. The Registration Statement relating to shares of SRM Common Stock has been filed with the
SEC, but has not yet become effective. These shares of SRM Common Stock may not be sold nor may offers to acquire be accepted
prior to the time the Registration Statement becomes effective. When available, a final prospectus may be obtained from
the Company or by visiting the website maintained by the SEC at www.sec.gov.
About
Jupiter Wellness
Jupiter
Wellness is a diversified company that supports health and wellness by researching and developing over-the-counter (OTC) products and
intellectual property. The Company’s product pipeline addresses a range of conditions, including hair loss, psoriasis, and vitiligo.
Revenue is generated through the sales of OTC and consumer products and licensing royalties.
Interested
investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at https://jupiterwellness.com/email-alerts/
and by following Jupiter Wellness on Twitter and LinkedIn.
Forward-Looking
Statements
This
communication contains forward-looking statements regarding Jupiter Wellness, including, the anticipated timing of studies and the results
and benefits thereof. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “explore,”
“evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,”
“project,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon
or comparable terminology. These forward-looking statements are based on each of the Company’s current plans, objectives, estimates,
expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond Jupiter Wellness’
control, including, without limitation, statements about, among others, our ability to consummate the spin-off transaction or the distribution.
Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result
of these risks and uncertainties and other risks and uncertainties affecting Jupiter Wellness, including those described from time to
time under the caption “Risk Factors” and elsewhere in Jupiter Wellness’ SEC filings and reports, including Jupiter
Wellness’ Annual Report on Form 10-K for the year ended December 31, 2022, and future filings and reports by Jupiter Wellness.
Moreover, other risks and uncertainties of which the combined company is not currently aware may also affect each of the companies’
forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. Important
factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include
the expected benefits and costs of the intended spin-off transaction, the expected timing of the completion of the spin-off transaction
and the transaction terms. Investors are cautioned that forward-looking statements are not guarantees of future performance. The forward-looking
statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements
and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by Jupiter
Wellness on its website or otherwise. Jupiter Wellness undertakes no obligation to update or supplement any forward-looking statements
to reflect actual results, new information, future events, changes in its expectations, or other circumstances that exist after the date
on which the forward-looking statements were made.
Media
Contact
Phone:
561-244-7100
Email:
media@jupiterwellness.com
Investor
Contact
Phone:
561-244-7100
Email:
investors@jupiterwellness.com
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