[6-K] Telefonica Brasil, S.A. American Current Report (Foreign Issuer)
Safety Shot, Inc. (NASDAQ:SHOT) reported that on 21 Jul 2025 it signed a Securities Purchase Agreement for a registered direct offering of 22,993,492 common shares at $0.461 per share and a concurrent private placement of 45,986,984 unregistered five-year warrants priced at $0.125 each, exercisable at the same $0.461 strike. Together, the transactions closed on 24 Jul 2025 and generated gross proceeds of approximately $16.3 million before expenses.
Placement agent Dominari Securities LLC will receive an 8% cash commission, a 1% expense allowance and $150,000 for legal/out-of-pocket costs, plus 1,839,479 five-year warrants exercisable at $0.461. The company will file an S-1 within ten days to register the resale of warrant shares, with effectiveness required within 45 days (75 days if subject to full SEC review).
Use of proceeds: working capital and general corporate purposes. Assuming full warrant exercise, the deal could add up to 70.8 million new shares, materially diluting existing holders while improving near-term liquidity.
Safety Shot, Inc. (NASDAQ:SHOT) ha comunicato che il 21 luglio 2025 ha firmato un Accordo di Acquisto di Titoli per un offerta diretta registrata di 22.993.492 azioni ordinarie al prezzo di 0,461 $ per azione e un contestuale collocamento privato di 45.986.984 warrant non registrati con durata quinquennale, al prezzo di 0,125 $ ciascuno, esercitabili allo stesso prezzo di esercizio di 0,461 $. Le transazioni si sono concluse il 24 luglio 2025, generando un ricavo lordo di circa 16,3 milioni di dollari prima delle spese.
L'agente di collocamento Dominari Securities LLC riceverà una commissione in contanti dell'8%, un rimborso spese dell'1% e 150.000 $ per costi legali e spese varie, oltre a 1.839.479 warrant quinquennali esercitabili a 0,461 $. La società presenterà un modulo S-1 entro dieci giorni per registrare la rivendita delle azioni derivanti dai warrant, con efficacia richiesta entro 45 giorni (75 giorni in caso di revisione completa da parte della SEC).
Utilizzo dei proventi: capitale circolante e finalità aziendali generali. Presumendo l'esercizio completo dei warrant, l'operazione potrebbe portare fino a 70,8 milioni di nuove azioni, diluendo significativamente gli azionisti attuali ma migliorando la liquidità a breve termine.
Safety Shot, Inc. (NASDAQ:SHOT) informó que el 21 de julio de 2025 firmó un Acuerdo de Compra de Valores para una oferta directa registrada de 22,993,492 acciones comunes a $0.461 por acción y una colocación privada concurrente de 45,986,984 warrants no registrados con vencimiento a cinco años valorados en $0.125 cada uno, ejercitables al mismo precio de ejercicio de $0.461. Ambas transacciones se cerraron el 24 de julio de 2025, generando ingresos brutos aproximados de $16.3 millones antes de gastos.
El agente colocador Dominari Securities LLC recibirá una comisión en efectivo del 8%, una asignación de gastos del 1% y $150,000 para costos legales y otros gastos, además de 1,839,479 warrants a cinco años ejercitables a $0.461. La compañía presentará un formulario S-1 dentro de diez días para registrar la reventa de las acciones derivadas de los warrants, con efectividad requerida dentro de 45 días (75 días si está sujeto a revisión completa de la SEC).
Uso de los ingresos: capital de trabajo y propósitos corporativos generales. Suponiendo el ejercicio completo de los warrants, la operación podría añadir hasta 70.8 millones de nuevas acciones, diluyendo materialmente a los accionistas actuales pero mejorando la liquidez a corto plazo.
Safety Shot, Inc. (NASDAQ:SHOT)는 2025년 7월 21일에 등록 직접 공모로 22,993,492 보통주를 주당 $0.461에, 동시에 등록되지 않은 5년 만기 워런트 45,986,984주를 주당 $0.125에 발행하는 증권 매매 계약을 체결했다고 발표했습니다. 워런트는 동일한 행사가격 $0.461에 행사할 수 있습니다. 이 거래들은 2025년 7월 24일에 마감되었으며, 수수료 차감 전 약 1,630만 달러의 총 수익을 창출했습니다.
배정 대행사인 Dominari Securities LLC는 현금 수수료 8%, 비용 수당 1%, 법률 및 기타 비용으로 $150,000를 받으며, 추가로 1,839,479개의 5년 만기 워런트를 행사가 $0.461에 받습니다. 회사는 워런트 주식 재판매 등록을 위해 10일 이내에 S-1 서류를 제출할 예정이며, 효력 발생은 45일 이내(SEC 전면 검토 시 75일 이내)여야 합니다.
자금 사용처: 운전자본 및 일반 법인 목적. 워런트가 전부 행사될 경우, 이번 거래로 최대 7,080만 주의 신규 주식이 발행되어 기존 주주들의 지분이 크게 희석되지만 단기 유동성은 개선될 것입니다.
Safety Shot, Inc. (NASDAQ:SHOT) a annoncé que le 21 juillet 2025, elle a signé un accord d'achat de titres pour une offre directe enregistrée de 22 993 492 actions ordinaires au prix de 0,461 $ par action, ainsi qu'un placement privé simultané de 45 986 984 bons de souscription non enregistrés d'une durée de cinq ans au prix de 0,125 $ chacun, exerçables au même prix d'exercice de 0,461 $. Ces transactions ont été clôturées le 24 juillet 2025, générant des produits bruts d'environ 16,3 millions de dollars avant frais.
L'agent de placement Dominari Securities LLC recevra une commission en espèces de 8 %, une allocation de frais de 1 % et 150 000 $ pour les frais juridiques et divers, ainsi que 1 839 479 bons de souscription de cinq ans exerçables à 0,461 $. La société déposera un formulaire S-1 dans les dix jours pour enregistrer la revente des actions issues des bons, avec une entrée en vigueur requise sous 45 jours (75 jours en cas d'examen complet par la SEC).
Utilisation des fonds : fonds de roulement et objectifs généraux de l'entreprise. En supposant l'exercice complet des bons, l'opération pourrait générer jusqu'à 70,8 millions de nouvelles actions, diluant ainsi significativement les actionnaires actuels tout en améliorant la liquidité à court terme.
Safety Shot, Inc. (NASDAQ:SHOT) gab bekannt, dass am 21. Juli 2025 ein Wertpapierkaufvertrag für ein registriertes Direktangebot von 22.993.492 Stammaktien zu je 0,461 $ pro Aktie sowie eine gleichzeitige Private Platzierung von 45.986.984 nicht registrierten fünfjährigen Optionsscheinen zu je 0,125 $ abgeschlossen wurde, die zum gleichen Ausübungspreis von 0,461 $ ausübbar sind. Die Transaktionen wurden am 24. Juli 2025 abgeschlossen und erbrachten Bruttoerlöse von etwa 16,3 Millionen US-Dollar vor Kosten.
Der Platzierungsagent Dominari Securities LLC erhält eine Barprovision von 8 %, eine Kostenpauschale von 1 % sowie 150.000 $ für Rechts- und sonstige Auslagen, zusätzlich 1.839.479 fünfjährige Optionsscheine mit Ausübungspreis 0,461 $. Das Unternehmen wird innerhalb von zehn Tagen ein S-1-Formular einreichen, um den Wiederverkauf der Optionsschein-Aktien zu registrieren. Die Wirksamkeit ist innerhalb von 45 Tagen erforderlich (75 Tage bei vollständiger SEC-Prüfung).
Verwendung der Erlöse: Betriebskapital und allgemeine Unternehmenszwecke. Bei vollständiger Ausübung der Optionsscheine könnten bis zu 70,8 Millionen neue Aktien ausgegeben werden, was die bestehenden Aktionäre deutlich verwässert, aber die kurzfristige Liquidität verbessert.
- None.
- None.
Insights
TL;DR: Raises $16.3 m but introduces heavy dilution risk.
The company bolsters cash with a quick registered direct/PIPE mix, avoiding the delays of a public follow-on. Pricing at $0.461 suggests limited bargaining power, yet the immediate capital infusion supports operations without new debt. However, up to 70.8 m incremental shares (≈ triple current shares outstanding) could pressure valuation and elevate volatility. Accelerated S-1 filing shows intent to facilitate secondary liquidity, potentially accelerating warrant exercises if the stock rallies. Overall impact: neutral—liquidity gain offsets dilution.
TL;DR: Standard terms, but large warrant overhang raises governance concerns.
Indemnities, reps and covenants appear customary. Dominari’s fee package is market-standard, though the 8% cash fee on a sub-$20 m raise is on the high side. The company’s obligation to register resale shares within 45 days places administrative burden but is manageable. Key risk is shareholder dilution and potential downward pressure from warrant arbitrage. No change to control provisions, so governance impact is moderate.
Safety Shot, Inc. (NASDAQ:SHOT) ha comunicato che il 21 luglio 2025 ha firmato un Accordo di Acquisto di Titoli per un offerta diretta registrata di 22.993.492 azioni ordinarie al prezzo di 0,461 $ per azione e un contestuale collocamento privato di 45.986.984 warrant non registrati con durata quinquennale, al prezzo di 0,125 $ ciascuno, esercitabili allo stesso prezzo di esercizio di 0,461 $. Le transazioni si sono concluse il 24 luglio 2025, generando un ricavo lordo di circa 16,3 milioni di dollari prima delle spese.
L'agente di collocamento Dominari Securities LLC riceverà una commissione in contanti dell'8%, un rimborso spese dell'1% e 150.000 $ per costi legali e spese varie, oltre a 1.839.479 warrant quinquennali esercitabili a 0,461 $. La società presenterà un modulo S-1 entro dieci giorni per registrare la rivendita delle azioni derivanti dai warrant, con efficacia richiesta entro 45 giorni (75 giorni in caso di revisione completa da parte della SEC).
Utilizzo dei proventi: capitale circolante e finalità aziendali generali. Presumendo l'esercizio completo dei warrant, l'operazione potrebbe portare fino a 70,8 milioni di nuove azioni, diluendo significativamente gli azionisti attuali ma migliorando la liquidità a breve termine.
Safety Shot, Inc. (NASDAQ:SHOT) informó que el 21 de julio de 2025 firmó un Acuerdo de Compra de Valores para una oferta directa registrada de 22,993,492 acciones comunes a $0.461 por acción y una colocación privada concurrente de 45,986,984 warrants no registrados con vencimiento a cinco años valorados en $0.125 cada uno, ejercitables al mismo precio de ejercicio de $0.461. Ambas transacciones se cerraron el 24 de julio de 2025, generando ingresos brutos aproximados de $16.3 millones antes de gastos.
El agente colocador Dominari Securities LLC recibirá una comisión en efectivo del 8%, una asignación de gastos del 1% y $150,000 para costos legales y otros gastos, además de 1,839,479 warrants a cinco años ejercitables a $0.461. La compañía presentará un formulario S-1 dentro de diez días para registrar la reventa de las acciones derivadas de los warrants, con efectividad requerida dentro de 45 días (75 días si está sujeto a revisión completa de la SEC).
Uso de los ingresos: capital de trabajo y propósitos corporativos generales. Suponiendo el ejercicio completo de los warrants, la operación podría añadir hasta 70.8 millones de nuevas acciones, diluyendo materialmente a los accionistas actuales pero mejorando la liquidez a corto plazo.
Safety Shot, Inc. (NASDAQ:SHOT)는 2025년 7월 21일에 등록 직접 공모로 22,993,492 보통주를 주당 $0.461에, 동시에 등록되지 않은 5년 만기 워런트 45,986,984주를 주당 $0.125에 발행하는 증권 매매 계약을 체결했다고 발표했습니다. 워런트는 동일한 행사가격 $0.461에 행사할 수 있습니다. 이 거래들은 2025년 7월 24일에 마감되었으며, 수수료 차감 전 약 1,630만 달러의 총 수익을 창출했습니다.
배정 대행사인 Dominari Securities LLC는 현금 수수료 8%, 비용 수당 1%, 법률 및 기타 비용으로 $150,000를 받으며, 추가로 1,839,479개의 5년 만기 워런트를 행사가 $0.461에 받습니다. 회사는 워런트 주식 재판매 등록을 위해 10일 이내에 S-1 서류를 제출할 예정이며, 효력 발생은 45일 이내(SEC 전면 검토 시 75일 이내)여야 합니다.
자금 사용처: 운전자본 및 일반 법인 목적. 워런트가 전부 행사될 경우, 이번 거래로 최대 7,080만 주의 신규 주식이 발행되어 기존 주주들의 지분이 크게 희석되지만 단기 유동성은 개선될 것입니다.
Safety Shot, Inc. (NASDAQ:SHOT) a annoncé que le 21 juillet 2025, elle a signé un accord d'achat de titres pour une offre directe enregistrée de 22 993 492 actions ordinaires au prix de 0,461 $ par action, ainsi qu'un placement privé simultané de 45 986 984 bons de souscription non enregistrés d'une durée de cinq ans au prix de 0,125 $ chacun, exerçables au même prix d'exercice de 0,461 $. Ces transactions ont été clôturées le 24 juillet 2025, générant des produits bruts d'environ 16,3 millions de dollars avant frais.
L'agent de placement Dominari Securities LLC recevra une commission en espèces de 8 %, une allocation de frais de 1 % et 150 000 $ pour les frais juridiques et divers, ainsi que 1 839 479 bons de souscription de cinq ans exerçables à 0,461 $. La société déposera un formulaire S-1 dans les dix jours pour enregistrer la revente des actions issues des bons, avec une entrée en vigueur requise sous 45 jours (75 jours en cas d'examen complet par la SEC).
Utilisation des fonds : fonds de roulement et objectifs généraux de l'entreprise. En supposant l'exercice complet des bons, l'opération pourrait générer jusqu'à 70,8 millions de nouvelles actions, diluant ainsi significativement les actionnaires actuels tout en améliorant la liquidité à court terme.
Safety Shot, Inc. (NASDAQ:SHOT) gab bekannt, dass am 21. Juli 2025 ein Wertpapierkaufvertrag für ein registriertes Direktangebot von 22.993.492 Stammaktien zu je 0,461 $ pro Aktie sowie eine gleichzeitige Private Platzierung von 45.986.984 nicht registrierten fünfjährigen Optionsscheinen zu je 0,125 $ abgeschlossen wurde, die zum gleichen Ausübungspreis von 0,461 $ ausübbar sind. Die Transaktionen wurden am 24. Juli 2025 abgeschlossen und erbrachten Bruttoerlöse von etwa 16,3 Millionen US-Dollar vor Kosten.
Der Platzierungsagent Dominari Securities LLC erhält eine Barprovision von 8 %, eine Kostenpauschale von 1 % sowie 150.000 $ für Rechts- und sonstige Auslagen, zusätzlich 1.839.479 fünfjährige Optionsscheine mit Ausübungspreis 0,461 $. Das Unternehmen wird innerhalb von zehn Tagen ein S-1-Formular einreichen, um den Wiederverkauf der Optionsschein-Aktien zu registrieren. Die Wirksamkeit ist innerhalb von 45 Tagen erforderlich (75 Tage bei vollständiger SEC-Prüfung).
Verwendung der Erlöse: Betriebskapital und allgemeine Unternehmenszwecke. Bei vollständiger Ausübung der Optionsscheine könnten bis zu 70,8 Millionen neue Aktien ausgegeben werden, was die bestehenden Aktionäre deutlich verwässert, aber die kurzfristige Liquidität verbessert.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2025
Commission File Number: 001-14475
TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)
TELEFONICA BRAZIL S.A.
(Translation of registrant’s name into English)
Av. Eng° Luís Carlos Berrini, 1376 - 28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
|
Form 20-F |
X |
|
Form 40-F |
|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
|
Yes |
|
|
No |
X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
|
Yes |
|
|
No |
X |
TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer’s ID (CNPJ) 02.558.157/0001-62
Company Registry (NIRE) 35.3.001.5881-4
EXCERPT FROM THE MINUTES OF THE 499th MEETING OF THE BOARD
OF DIRECTORS OF TELEFÔNICA BRASIL S.A. HELD ON JULY 24, 2025
1. DATE, TIME AND VENUE: On July 24, 2025, at 10:00 a.m. (Madrid local time), held, exceptionally, at Distrito Telefónica, Ronda de la Comunicación s/nº, Central Building, 1st Floor, Board Room, Madrid, Spain.
2. CALL NOTICE AND ATTENDANCE: The meeting was called in accordance with the Bylaws of Telefônica Brasil S.A. (“Company”). The members of the Company’s Board of Directors who subscribe these minutes, were present, establishing quorum in accordance with the Bylaws for the installation of the meeting. Also present, were the Chief Financial and Investor Relations Officer, Mr. David Melcon Sanchez-Friera; the General Secretary and Legal Officer, Mr. Breno Rodrigo Pacheco de Oliveira, acting as Secretary of the Meeting; and the presenters individually appointed for the topics below, whose participation were limited to the time of discussion of their respective matters.
3. PRESIDING BOARD: Eduardo Navarro de Carvalho – Chairman of the Meeting; Breno Rodrigo Pacheco de Oliveira – Secretary of the Meeting.
4. AGENDA AND RESOLUTION: After examining and discussing the matters on the Agenda, the following was unanimously resolved by the members of the Board of Directors present at the meeting:
4.1. Proposal for Cancellation of Shares. A proposal was presented to cancel 34,740,770 common, book-entry shares with no par value issued by the Company and held in treasury, equivalent to 1.07% of the share capital, without reducing its value. These shares were acquired under the Company’s Share Buyback Program. After reviewing the information presented and receiving the necessary clarifications, the members of the Board of Directors present, considering the favorable opinion and recommendation of the Fiscal Council and the Audit and Control Committee, respectively, unanimously approved the proposal to cancel said shares, authorizing the timely convening of a General Shareholders’ Meeting to amend the Company’s Bylaws to reflect the new number of shares into which its share capital is divided, as well as authorizing the Company’s Management to take all necessary actions to implement the resolution hereby approved. Finally, it was noted that, as a result of the reverse stock split with subsequent forward stock split of the Company’s shares, which took place on April 15, 2025, the maximum number of shares that may be acquired under the current share buyback program, approved on February 25, 2025, was automatically adjusted.
TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer’s ID (CNPJ) 02.558.157/0001-62
Company Registry (NIRE) 35.3.001.5881-4
5. CLOSING: There being no further business to discuss, the Chairman of the Board of Directors declared the meeting adjourned and these minutes were drawn up. Madrid, July 24, 2025. Signatures: (aa) Eduardo Navarro de Carvalho – Chairman of the Board of Directors; Andrea Capelo Pinheiro; Cesar Mascaraque Alonso; Christian Mauad Gebara; Cristina Presz Palmaka de Luca; Denise Soares dos Santos; Francisco Javier de Paz Mancho; Gregorio Martínez Garrido; Ignácio Maria Moreno Martínez; Jordi Gual Solé; Marc Xirau Trias; and Solange Sobral Targa. Secretary of the Meeting: Breno Rodrigo Pacheco de Oliveira.
I hereby certify that the resolution recorded in this document is included in the minutes of the 499th meeting of the Board of Directors of Telefônica Brasil S.A., held on July 24, 2025, recorded in the appropriate book. This is a free English translation.
|
_______________________________ Breno Rodrigo Pacheco de Oliveira Secretary |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
TELEFÔNICA BRASIL S.A. | |||
|
Date: |
July 24, 2025 |
|
By: |
/s/ João Pedro Carneiro | |
|
|
|
|
|
Name: |
João Pedro Carneiro |
|
|
|
|
|
Title: |
Investor Relations Director |
