Safety Shot, Inc. seeks shareholder approval for new directors and a name change, aiming to enhance strategic direction.
Quiver AI Summary
Safety Shot, Inc. announced it will seek shareholder approval in October for the appointment of three new directors and the resignation of two existing directors as part of a strategic refresh of its Board of Directors. The company has reserved the trading symbol "BNKK" with Nasdaq as it plans to change its name and trading symbol soon. CEO Jarrett Boon expressed confidence in the new directors’ expertise and emphasized the importance of the shareholder vote in advancing the company's transformation. Mitchell Rudy, a key contributor, highlighted the significance of this new board in facilitating the company's vision to become a leading public entity within the BONK ecosystem and its strategic focus on acquiring revenue-generating assets in the DeFi space.
Potential Positives
- Announcement of new director appointments indicates potential for enhanced governance and strategic direction for Safety Shot, Inc.
- Preparation for a name change and new trading symbol “BNKK” suggests a rebranding effort aimed at aligning with the company's future vision and market strategy.
- The positive outlook from leadership regarding the new board members highlights confidence in their expertise to contribute to the company's success and growth.
- Initiative to bridge the gap between traditional public markets and the digital asset ecosystem aligns with emerging trends in finance, potentially positioning the company for future growth.
Potential Negatives
- The requirement for shareholder approval to finalize director appointments indicates potential instability or lack of confidence in the company’s governance, as significant leadership changes are contingent on a vote.
- The disclosure of resignations of two directors may raise concerns about internal disagreements or dissatisfaction among existing board members.
- The transition to a new trading symbol and name change may create uncertainty among investors, as such changes can be interpreted as measures taken in response to previous branding or performance challenges.
FAQ
What is the purpose of the upcoming shareholder vote?
The shareholder vote is to seek approval for the appointment of three new directors to the Board.
When is the shareholder vote expected to occur?
The shareholder vote is anticipated to take place in October 2025.
Who are the new directors being proposed?
The new directors being proposed are Connor, Stacey, and Jamie.
What is the significance of the board appointments for Safety Shot?
The appointments mark a pivotal moment in the company’s strategic transformation and vision execution.
What name change is Safety Shot planning?
Safety Shot plans to change its name and trading symbol to “BNKK” in the near term.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SHOT Hedge Fund Activity
We have seen 28 institutional investors add shares of $SHOT stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- XTX TOPCO LTD removed 115,153 shares (-71.1%) from their portfolio in Q2 2025, for an estimated $37,988
- C2P CAPITAL ADVISORY GROUP, LLC D.B.A. PROSPERITY CAPITAL ADVISORS removed 102,712 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $37,397
- BLACKROCK, INC. removed 102,597 shares (-16.3%) from their portfolio in Q2 2025, for an estimated $33,846
- JANE STREET GROUP, LLC removed 102,267 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $37,235
- MYDA ADVISORS LLC added 100,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $32,990
- UBS GROUP AG removed 65,585 shares (-95.6%) from their portfolio in Q2 2025, for an estimated $21,636
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 62,400 shares (+inf%) to their portfolio in Q2 2025, for an estimated $20,585
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Company to Seek Shareholder Approval for New Director Appointments
SCOTTSDALE, AZ, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Following its announcement yesterday regarding a strategic refresh of its Board of Directors, Safety Shot, Inc. (Nasdaq: SHOT) is providing further details on the implementation of these changes.
The appointment of the three new directors, as well as the resignations of Jordan Schur and Rich Pascucci, will not be effective until the Company achieves shareholder approval which is anticipated to take place in October.
In addition, as the Company previously announced, it has reserved the trading symbol “BNKK” with Nasdaq as part of its forward-looking strategy. The Company will formally implement a name change and new symbol in the near term.
“The shareholder vote is a positive and required step in formally completing the strategic transformation we announced this morning,” said Jarrett Boon, CEO of Safety Shot. “We are confident that our shareholders will recognize the immense value and expertise that Connor, Stacey, and Jamie bring to the table. We are excited to present this exceptional slate of directors for approval and to officially welcome them to the board as we execute on our new vision. We again thank Jordan and Rich for their invaluable service.”
Mitchell Rudy (a.k.a. Nom), a BONK core contributor, added, “We are incredibly excited to present this slate of world-class directors to the shareholders. The approval of this board will be a pivotal moment, officially marking the next stage of our transition. We have a clear vision for building the premier public vehicle for the BONK ecosystem, and with this team, we are fully confident in our ability to execute. We eagerly anticipate the shareholder vote and beginning this next chapter.”
About Safety Shot, Inc. Safety Shot, Inc. (Nasdaq: SHOT), is a Company evolving bridge the gap between traditional public markets and the digital asset ecosystem. Following its strategic integration with letsBONK.fun, the Company is executing a new strategy focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets. The Company’s beverage division holds the patented Sure Shot beverage, designed to rapidly reduce blood alcohol content as well as Yerbaé’s plant-based, energy beverage.
Investor Relations: Phone: 561-244-7100 Email: [email protected]
Forward-Looking Statements: This press release contains forward-looking statements. Such statements are subject to risks and uncertainties, many of which are outside of the Company’s control, and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the performance of BONK tokens, the successful integration and operational success with letsBONK.fun, the ability to execute on the Company’s treasury strategy, and other risks detailed in Safety Shot’s filings with the Securities and Exchange Commission.
