Safety Shot President Jordan Schur Invests $1 Million in the Company Through his Family Fund, Core 4 Capital Corp.
Rhea-AI Summary
Safety Shot President Jordan Schur has made a $1 million private placement investment in the company through his family fund, Core 4 Capital Corp. This follows a prior $5 million investment by Core 4 Capital Corp in April 2024, coinciding with Schur's appointment as President. The recent investment involved the issuance of 943,396 shares at $1.06 per share, the closing price of Safety Shot's common stock, with no discount or attached warrants. The company incurred minimal expenses and paid no commissions, ensuring nearly all proceeds directly benefit Safety Shot. Schur expressed confidence in the company's growth and product innovation, highlighting the investment's potential to fuel further development.
Positive
- Safety Shot received a $1 million investment from its President, ensuring confidence in the company's future.
- The investment mirrors a previous $5 million commitment from Core 4 Capital Corp, totaling $6 million in recent funding.
- Shares were issued at market price, with no discount and no warrants attached, preserving shareholder value.
- Minimal expenses and no commissions mean nearly all funds raised will support the company's growth.
Negative
- The funding was achieved through the issuance of new shares, potentially leading to shareholder dilution.
News Market Reaction – SHOT
In the trading session that priced this news, SHOT gained 9.43%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
This Private Placement Investment Comes in Addition to a
JUPITER, FL, June 28, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the “Company) is pleased to announce that Safety Shot President Jordan Schur has invested in a
Safety Shot raised gross proceeds of
“I’ve seen promise in this company from the very beginning and I’m excited about the progress that I’ve seen over the last four months,” said Schur. “Safety Shot’s growth trajectory is a testament to the innovation of our product and the demand for this type of solution in the market and I can’t see a better use of my family's funds than to help the continued advancement of the Company in these early stages.”
About Safety Shot, Inc
Safety Shot, Inc., a wellness and dietary supplement company, has developed Safety Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while boosting clarity, energy and overall mood. Safety Shot is available for purchase online at DrinkSafetyShot.com and Amazon. The Company is introducing business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars throughout 2024.
Media and Investor Contact:
Autumn Communications
Jessica Weinberger
Phone: 916-677-7495
Email: shot@autumncommunications.com
Medon Michaelides
Investor Relations
Phone: 561-244-7100
Email: investors@drinksafetyshot.com
