Safety Shot (NASDAQ: SHOT), a pioneer in innovative well-being solutions, has closed on a private placement from Core 4 Capital Corp., a private institutional investor. According to the announcement, the company raised $5 million in gross proceeds from issuing 2,369,668 shares at $2.11 per share. The company noted that no warrants were attached in the offering and no commissions were paid. The company plans to use funds from the private placement for general corporate purposes and to fund the continued advancement of the company flagship product: Safety Shot. The innovative beverage is a unique product offering in the growing $1.56 billion alcohol detoxication market. “We are thrilled to announce this straight equity investment into the company from a single institutional investor priced at market price,” said Safety Shot CEO Jarret Boon in the press release. “This no warrants private placement conveys that sophisticated investors are feeling confident about the Company and its new executive team.”
To view the full press release, visit https://ibn.fm/VMYrl
About Safety Shot Inc.
Safety Shot has developed a first-of-its-kind beverage that makes users feel better faster from the effects of alcohol by reducing blood alcohol content and increasing mental clarity. Safety Shot leverages scientifically proven ingredients to enhance metabolic pathways responsible for breaking down blood alcohol levels. The formulation includes a tailored selection of all-natural vitamins, minerals and nootropics, promoting faster alcohol breakdown and aiding in recovery and rehydration. Safety Shot has been available for retail purchase since the first week of December 2023 at www.DrinkSafetyShot.com and on Amazon. In addition, the company plans to introduce business-to-business sales to distributors, retailers, restaurants and bars in 2024. For more information about the company, visit www.SafetyShotHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to SHOT are available in the company’s newsroom at https://ibn.fm/SHOT
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