Safety Shot Reaches an Amicable Litigation Settlement Agreement, Strengthening Financial Position and Fostering Strategic Partnerships
24 January 2025 - 12:30AM
Safety Shot, Inc. (Nasdaq: SHOT) (“Safety Shot” or the “Company”),
a wellness and dietary supplement company, today announced that it
has reached a settlement agreement with Bigger Capital LLC,
resolving outstanding litigation and further solidifying the
Company's financial foundation for future growth.
This settlement allows Safety Shot to move
forward with its strategic initiatives, including expanding its
product portfolio, strengthening its distribution network, and
pursuing new opportunities in the rapidly growing wellness and
functional beverage market.
"We are pleased to have reached an amicable
resolution in this matter," said Jarrett Boon, CEO of Safety Shot.
"This settlement eliminates uncertainty and allows us to focus our
resources on executing our growth strategy and delivering value to
our shareholders."
Strengthening Financial Position and Strategic
Relationships
The settlement provides Safety Shot with
enhanced financial flexibility and fosters the development of key
strategic relationships.
"I am glad to have the litigation resolved. I
believe the Company's vision and potential are impressive, and we
are exploring ways to further enhance our relationship" said
Michael Bigger of Bigger Capital.
As part of the litigation settlement, Bigger
Capital insisted upon having a participation right of up to 25% in
future Safety Shot financings to facilitate Safety Shot’s growth. A
partnership with Bigger Capital provides Safety Shot with access to
capital and strategic guidance as it continues to execute its
growth strategy.
Focused on Future Growth
With this legal matter resolved, Safety Shot is
well-positioned to capitalize on the growing demand for its
innovative wellness products. The Company remains committed to
expanding its product portfolio, strengthening its distribution
network, and building strategic partnerships to drive growth and
enhance shareholder value.
"Resolving this litigation removes a major
obstacle and allows us to fully focus on our core business and
strategic objectives," said Boone. "We are excited about the future
and confident in our ability to deliver value to our
shareholders."
There are no agreements, commitments, or
understandings between the Company and Bigger Capital with respect
to the terms of future financings or as to the level of
participation, if any, with Bigger Capital in any such
financings.
About Safety Shot, Inc.
Safety Shot, Inc., a wellness and dietary
supplement company, has developed Sure Shot, the first patented
wellness product on Earth that lowers blood alcohol content by
supporting its metabolism, while boosting clarity, energy, and
overall mood. Sure Shot is available for purchase online at
www.sureshot.com, www.walmart.com and Amazon. The Company is
introducing business-to-business sales of Sure Shot to
distributors, retailers, restaurants, and bars throughout 2025.
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of the federal
securities laws with respect to SHOT. All statements other than
statements of historical facts contained in this press release,
including statements regarding SHOT’s future results of operations
and financial position, SHOT’s business strategy, prospective
costs, timing and likelihood of success, plans and objectives of
management for future operations, future results of current and
anticipated operations of SHOT are forward-looking statements.
These forward-looking statements generally are identified by the
words “believe,” “project,” “expect,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. These forward-looking statements
are subject to a number of risks, uncertainties and assumptions,
including, but not limited to, risks relating to SHOT which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth economically and hire
and retain key employees; costs; changes in applicable laws or
regulations; the possibility that SHOT may be adversely affected by
other economic, business, and/or competitive factors; and other
risks and uncertainties, including those under “Risk Factors” in
filings with the SEC made by SHOT. Moreover, SHOT operates in very
competitive and rapidly changing environments. Because
forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified and
some of which are beyond SHOT’s control, you should not rely on
these forward-looking statements as predictions of future events.
Forward-looking statements speak only as of the date they are made.
None of SHOT gives any assurance that SHOT will achieve its
expectations. Readers are cautioned not to put undue reliance on
forward-looking statements, and except as required by law, SHOT
assumes no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. There are no agreements, commitments,
or understandings between the Company and Bigger Capital with
respect to the terms of future financings or as to the level of
participation, if any, with Bigger Capital in any such
financings.
Investor RelationsPhone:
561-244-7100Email: investors@drinksafetyshot.com
Safety Shot (NASDAQ:SHOTW)
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