Safety Shot, Inc. Delays Spin-Off of Caring Brands, Inc.
JUPITER, FL, April 18, 2025 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT), a leading wellness and dietary supplement company, has announced a significant update regarding its planned spin-off and distribution of shares for Caring Brands, Inc. (CABR), a current subsidiary of the company. The record date for this distribution, initially scheduled for April 7, 2025, has been postponed. A new record date will be announced in the near future.
Under the proposed distribution plan, stockholders of Safety Shot as well as holders of specific warrants issued during the companys public offering in July 2021 will be eligible to receive one share of Caring Brands Common Stock for every 45 shares of Safety Shot common stock they hold, or for each share underlying the warrants. It is important to note that fractional shares of Caring Brands stock will not be distributed; instead, ClearTrust, LLC, the appointed distribution agent, will round down any fractional shares to the nearest whole number.
The distribution of Caring Brands Common Stock was expected to occur around August 9, 2025, contingent upon the U.S. Securities and Exchange Commission (SEC) declaring effective the related Registration Statement on Form S-1 (Filed No. 333-285964) and upon receiving the necessary approvals for the stocks listing on the Nasdaq Capital Market. However, on March 28, 2025, the company cautioned that if the Registration Statement does not receive SEC approval or the stock listing is not granted, the distribution will not take place on the anticipated date. As it stands, the Nasdaq has yet to approve the listing of Caring Brands common stock, causing a delay in the distribution process.
Furthermore, this press release serves to clarify that it does not constitute an offer to sell or solicit any offers to buy securities, nor does it indicate any sale of securities in any jurisdiction where such actions would be unlawful before the completion of the spin-off transaction. The Registration Statement related to Caring Brands Common Stock has been filed with the SEC but has not yet become effective. Consequently, these shares cannot be sold or offered for acquisition until the Registration Statement is effective and the stock is officially listed.
In addition to this important announcement, Safety Shot, Inc. is making waves in the wellness industry with its innovative product, Sure Shot. Sure Shot is touted as the first patented wellness product designed to lower blood alcohol content by supporting its metabolism, while enhancing clarity, energy, and overall mood. This unique product is currently available for purchase online through various platforms, including its official website, Walmart, and Amazon. The company is also planning to expand its market reach by introducing business-to-business sales of Sure Shot to distributors, retailers, restaurants, and bars throughout 2025.
The companys forward-looking statements regarding the anticipated timing of studies, results, and benefits are grounded in its current plans and objectives. However, these statements involve significant risks and uncertainties beyond Safety Shots control, including but not limited to the potential success or failure of the spin-off transaction and distribution. The actual results may significantly differ from what is anticipated due to these risks, as well as other factors outlined in the companys SEC filings.
For more information or media inquiries, interested parties are encouraged to contact Safety Shot directly at 561-244-7100 or via email at investors@drinksafetyshot.com.
