Safety Shot, Inc. (NASDAQ: SHOT), a trailblazer in the beverage industry, has announced a significant milestone – a $5 million private placement from a single institutional investor, Core 4 Capital Corp. The deal, which involved the issuance of 2,369,668 shares at a price of $2.11 per share, notably did not include any warrants, underscoring the investor’s confidence in the company.
Safety Shot’s CEO, Jarret Boon, expressed enthusiasm about the straight equity investment, stating, ‘We are thrilled to announce this straight equity investment into the Company from a single institutional investor priced at market price. This no-warrants private placement conveys that sophisticated investors are feeling confident about the Company and its new executive team.’
The proceeds from this private placement will primarily fund the continued advancement of the company’s Safety Shot beverage, a groundbreaking product positioned to create its own category – rapid alcohol detoxification – in the growing alcohol detoxification market.
Safety Shot, Inc. (NASDAQ: SHOT) has emerged as a pioneer in the beverage industry, developing a first-of-its-kind beverage designed to alleviate the effects of alcohol consumption rapidly. Their patented formula accelerates the detoxification process, leaving consumers feeling better faster, revolutionizing both nightlife experiences and morning recoveries.
The formulation’s efficacy has been established through rigorous blood alcohol content testing on dozens of test subjects. Within 30 minutes of consuming Safety Shot, subjects saw marked decreases in their blood alcohol concentration (BAC) levels.
According to a recent report from Zion Market Research, the global Hangover Cure Products market was worth around $3.22 billion in 2023 and is predicted to grow to around $9.45 billion by 2032, with a compound annual growth rate (CAGR) of roughly 14.5% between 2024 and 2032. This growth is expected to be driven by the rise in social drinking and alcohol use, particularly among younger people.
To capitalize on this trend, Safety Shot, Inc. (NASDAQ: SHOT) has recently announced several new partnerships and distribution deals. For instance, the company has collaborated with Launch 33 Brands, a leading brand-building agency and distributor based in Los Angeles, to amplify its presence in the vibrant Southern California market. Additionally, the integration of GoPuff and BevMo into Safety Shot’s distribution network marks a significant milestone in its expansion strategy, enhancing its market reach and visibility.
Furthermore, Safety Shot, Inc. (NASDAQ: SHOT) has made several key management changes, including the appointment of Jarrett Boon as Chief Executive Officer and serial entrepreneur John Gulyas as Chairman of the Board. With their extensive experience in building successful businesses, they are well-positioned to lead Safety Shot in its ongoing efforts to become a leading wellness beverage brand.
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