LDH Buys 135,000 Series C Preferred in Safety Shot (SHOT) Using BONK Tokens

Rhea-AI Filing Summary

Lucky Dog Holdings (LDH) disclosed a Schedule 13D reporting its acquisition of Series C Convertible Preferred Stock of Safety Shot, Inc. (SHOT). LDH paid 25,000,000 BONK tokens for 35,000 Series C preferred shares under a Securities Purchase Agreement and acquired an additional 100,000 Series C preferred shares via a Revenue Sharing Agreement tied to 10% of gross revenue of LETSBONK. LDH holds 135,000 Series C shares with stated value $1,000 each; 27,481 are currently convertible into common stock and 107,519 are convertible following stockholder approval. Conversion price is $1.081, and LDH states it would hold the equivalent of 25,422,072 common shares representing 19.99% of the class and acquiring the right to elect 50% of directors upon conversion and consent.

Positive

• Acquired sizeable position: LDH holds 135,000 Series C shares convertible into common stock representing up to 19.99% of the class.
• Governance influence: Series C conversion provides LDH the right to elect 50% of the board and to appoint an independent director with the existing board.
• Diversified consideration structure: Combination of token payment (25,000,000 BONK) and revenue-linked equity aligns some issuer and investor incentives.

Negative

• Conversion conditional: 107,519 of the Series C shares are not currently convertible and require stockholder approval, creating execution risk.
• Token-based consideration risk: Use of BONK tokens as primary payment introduces valuation and regulatory uncertainty tied to crypto markets.
• Potential dilution: Conversion would materially dilute existing holders as LDH could reach 19.99% ownership and change board composition.

Insights

Mergers & Acquisitions Specialist

TL;DR: LDH structured a convertible preferred position that could give it near-control (19.99% economic stake and 50% board election rights upon conversion and approvals).

The deal combines token consideration and a revenue-linked tranche, which runs governance and shareholder-approval risk. Using BONK tokens as primary consideration and a revenue-sharing-for-equity swap ties issuer dilution to LETSBONK performance. Materiality stems from potential control influence (board election rights for 50% of directors) and near-20% ownership. Key risks include pending stockholder approval for converting 107,519 shares and the valuation implications of token-based payment.

Corporate Governance Expert

TL;DR: The transaction creates significant governance influence for LDH but depends on shareholder approvals and conversion mechanics.

LDH’s rights to elect half the board if its Series C converts is governance-changing and could shift strategic direction. The Schedule 13D discloses no present plans beyond board cooperation and adding an independent director, but the structure gives LDH optionality to revisit its plans. Material contingencies (conversion restrictions and required stockholder consent) are central to assessing ultimate control and dilution.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

SAFETY SHOT, INC.

(Name of Issuer)

Common Stock $0.001 par value per share

(Title of Class of Securities)

48208F105

(CUSIP Number)

Jarrett Boon
18801 N Thompson Peak Pkwy Ste 380,,
Scottsdale, AZ, 85255
(561) 244-7100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/21/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 48208F105

1

Name of reporting person

LUCKY DOG HOLDINGS

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 25,422,072.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 25,422,072.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

25,422,072.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.99 %

14

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person:

Lucky Dog Holdings ("LDH") is an exempted company incorporated in the Cayman Islands, and has acquired 135,000 shares of Series C Convertible Preferred Stock, of which 27,481 shares can be converted, with the remaining 107,519 shares convertible following stockholder approval. With respect to 9 (Sole Dispositive Power) above, 25,422,072 reflects common stock which would result from conversion of 27,481 shares of Series C Preferred Stock held by LDH. With respect to 13 (Percent of class represented by amount in Row (11)) above, 19.99%, please note that LDH has acquired additional shares of Series C Convertible Preferred Stock which will and be convertible into Common Stock of the Issuer following stockholder approval of the issuance of such shares.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock $0.001 par value per share
(b)	Name of Issuer: SAFETY SHOT, INC.
(c)	Address of Issuer's Principal Executive Offices: 1061 E. Indiantown Rd., STE. 110, Jupiter, FLORIDA , 33477.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by Lucky Dog Holdings, an exempted company incorporated in the Cayman Islands, with respect to shares of Common Stock.
(b)	Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands.
(c)	Not applicable.
(d)	The Reporting Person has not, during the last five (5) years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Person has not, during the last five (5) years, been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
(f)	Lucky Dog Holdings is an exempted company incorporated in the Cayman Islands.
Item 3.	Source and Amount of Funds or Other Consideration
	LDH used $25,000,000 of BONK tokens as consideration to purchase 35,0000 shares of Series C Preferred Stock pursuant to that certain Securities Purchase Agreement dated August 8, 2025 by and between Issuer and LDH ("Securities Purchase Agreement"). Additionally, pursuant to that certain Revenue Sharing Agreement dated August 8, 2025 by and between Issuer and LDH ("Revenue Sharing Agreement"), LDH acquired 100,000 Series C Convertible Preferred Stock in exchange for an amount equal to ten percent (10%) of all of the gross revenue of LETSBONK. The information set forth in or incorporated by reference into Items 4, 5 and 6 of this 13D is hereby incorporated by reference in its entirety into this Item 3.
Item 4.	Purpose of Transaction
	Subject to the stockholder consent of the Issuer, LDH will acquire a controlling interest in the Issuer pursuant to the Securities Purchase Agreement and Revenue Sharing Agreement. LDH, as a Series C Convertible Preferred Stock has the right to elect 50% of the directors of the Issuer and will work cooperatively with the existing Board to appoint an additional independent director. Except as described in this Schedule 13D, LDH does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, LDH, at any time and from time to time, may review, reconsider and change its position and/or change its purpose.
Item 5.	Interest in Securities of the Issuer
(a)	As of the close of business on August 14, 2025, LDH owned 135,000 shares of Series C Convertible Preferred Stock of the Issuer with a stated value of $1,000 per share, convertible into Common Stock at a price per share equal to $1.081. Of the 135,000 shares of Series C Convertible Preferred Stock held by LDH 27,481 currently can be converted to Common Stock, with the remaining 107,519 shares convertible into Common Stock following stockholder approval.
(b)	See Item 2(a) above which is incorporated here by reference.
(c)	Other than the acquisition of the shares reported herein, as described under Item 3, LDH has not effected any transaction in any shares (including Series C Convertible Preferred Stock or Common Stock) of the Issuer in the past 60 days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The Securities Purchase Agreement, Revenue Sharing Agreement, and Certificate of Designation referenced in Item 7 and incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	The information required by this Item is incorporated by reference to the Issuer's: a. Form 8-K (File no. 001-39569) as filed with the SEC on August 19, 2025. Specifically, such information is set forth under "Exhibit 3.1 -- Certificate of Designation". The incorporated filing is available on EDGAR at the following hyperlink: http://www.sec.gov/Archives/edgar/data/1760903/000164117225024802/ex3-1.htm b. Form 8-K (File no. 001-39569) as filed with the SEC on August 14, 2025. Specifically, such information is set forth under "Exhibit 10.1 -- Securities Purchase Agreement". The incorporated filing is available on EDGAR at the following hyperlink: http://www.sec.gov/Archives/edgar/data/1760903/000164117225023647/ex10-1.htm c. Form 8-K (File no. 001-39569) as filed with the SEC on August 14, 2025. Specifically, such information is set forth under "Exhibit 10.2 -- Revenue Sharing Agreement". The incorporated filing is available on EDGAR at the following hyperlink: http://www.sec.gov/Archives/edgar/data/1760903/000164117225023647/ex10-2.htm

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LUCKY DOG HOLDINGS

Signature:	/s/Mitchell Rudy
Name/Title:	Mitchell Rudy, Director
Date:	09/30/2025

FAQ

What stake does Lucky Dog Holdings now hold in Safety Shot, Inc. (SHOT)?

LDH holds 135,000 Series C Convertible Preferred Shares, currently convertible into 25,422,072 common share equivalents representing 19.99% of the class upon the disclosed conversion assumptions.

How did LDH pay for the Series C preferred shares in the SHOT transaction?

LDH used 25,000,000 BONK tokens to purchase 35,000 Series C shares under the Securities Purchase Agreement and acquired 100,000 Series C shares via a Revenue Sharing Agreement tied to 10% of LETSBONK gross revenue.

Are all the Series C shares immediately convertible into SHOT common stock?

No. 27,481 shares are currently convertible; 107,519 additional shares require stockholder approval before conversion.

What governance rights does LDH gain if the Series C converts?

As holder of Series C convertible preferred stock, LDH has the right to elect 50% of the Issuer’s directors and will work with the board to appoint an additional independent director.

What is the conversion price for the Series C preferred into SHOT common stock?

The Series C is convertible into common stock at a price per share equal to $1.081.