Safety Shot seeks shareholder approval for board changes in October

Safety Shot, Inc. (NASDAQ: SHOT) announced that its board changes will require shareholder approval, expected to occur in October. The company plans to appoint three new directors while Jordan Schur and Rich Pascucci will resign, pending shareholder consent.

The company has reserved the trading symbol "BNKK" with Nasdaq and plans to implement a name change and new symbol in the near term, according to the press release.

"The shareholder vote is a positive and required step in formally completing the strategic transformation we announced this morning," said Jarrett Boon, CEO of Safety Shot.

Mitchell Rudy, identified as a BONK core contributor, stated the board approval would mark "the next stage of our transition" and described plans to build "the premier public vehicle for the BONK ecosystem."

Safety Shot describes itself as a company bridging traditional public markets and the digital asset ecosystem. Following its integration with letsBONK.fun, the company is pursuing a strategy focused on acquiring revenue-generating assets within the DeFi space to build a digital asset treasury.

The company's beverage division holds the patented Sure Shot beverage and Yerbaé's plant-based energy beverage products.

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