Safety Shot (SHOT) Prices 28.65M Share Offering at $0.37/sh
Safety Shot (NASDAQ: SHOT) today announced the pricing of a registered direct offering with an institutional investor for the purchase and sale of 28,648,648 shares of its common stock at a purchase price of $0.37 per share.
In a concurrent private placement, the Company also issued warrants to purchase up to 57,297,296 shares of common stock. The warrants have an exercise price of $0.37 per share, are exercisable immediately, and will expire five years from the date of issuance.
The gross proceeds to the Company from the offering are expected to be approximately $10.6 million, before deducting the placement agent's fees and other offering expenses.
The closing of the registered direct offering and concurrent private placement is expected to occur on or about July 22, 2025.
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