Acquisition Details: Safety Shot and Yerbae Brands Unite
Safety Shot's Acquisition of Yerbae Brands Corp
In a significant move to strengthen its market presence, Safety Shot, Inc. (Nasdaq: SHOT), a company specializing in wellness and dietary supplements, has successfully completed its acquisition of Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), known for its innovative plant-based energy drinks. This transaction marks a pivotal partnership aimed at combining both companies' strengths in dietary nutrition and beverage production.
Transaction Overview and Details
The acquisition, formalized through a court-approved plan of arrangement, has led to Safety Shot acquiring all outstanding shares of Yerbaé in exchange for common stock. The agreement, made effective prior to the closing date, assures a smooth transition for shareholders, where each Yerbaé share translates to a designated number of Safety Shot shares. Post-acquisition, the distribution of ownership reveals that former Yerbaé shareholders now hold about 18.36% of the newly consolidated entity, while SHOT shareholders retain an impressive 81.64% stake.
Shareholder Information
For those who currently possess physical share certificates or DRS Statements from Yerbaé, obtaining the equivalent Safety Shot shares necessitates submitting a Letter of Transmittal to ClearTrust, LLC, the appointed transfer agent. Conversely, shareholders holding shares in book-entry form or in brokerage accounts will experience an automatic exchange process, requiring no additional steps on their part.
About Safety Shot, Inc.
Safety Shot has pioneered a groundbreaking wellness product, Sure Shot, that uniquely aids in reducing blood alcohol content while enhancing clarity, energy, and mood. This proprietary product is not just a supplement; it's a testament to innovative solutions in wellness. Consumers can easily access Sure Shot online, with expanded sales strategies targeting distributors, retailers, bars, and restaurants.
Yerbaé Brands' Commitment to Quality
Yerbaé Brands, recognized for crafting delicious energy beverages using high-quality yerba mate and other plant-based ingredients, offers a product line that aligns with contemporary health demands. Their beverages are vegan, gluten-free, and devoid of artificial sugars and calories, promising a healthier alternative in the energy drink market.
Strong Branding and Community Engagement
Founded in 2017, Yerbaé aims to disrupt traditional energy beverage paradigms, connecting with consumers through social media platforms and a lively brand presence. As the energy drink aisle becomes increasingly competitive, the brand’s commitment to sustainability and quality sets it apart in a crowded marketplace.
Future Outlook for the Combined Entity
The merger opens doors to new synergies, particularly in product development and market expansion. By leveraging Safety Shot's innovative wellness technology alongside Yerbaé's established beverage brand, the newly formed corporation is poised for substantial growth. Both companies share a visionary approach to enhancing consumer health and wellness, ensuring an exciting future ahead.
Expert Advisory Support
Maxim Group LLC acted as the exclusive financial advisor to Safety Shot during this merger, while Cozen O’Connor LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. provided comprehensive legal support. Their expertise was instrumental in executing a successful transaction that aligns with the strategic goals of both entities.
Frequently Asked Questions
What is the primary focus of Safety Shot?
Safety Shot focuses on wellness and dietary supplements, with innovative products like Sure Shot that support metabolic health.
How will the acquisition benefit shareholders?
The acquisition allows for greater resource sharing, product innovation, and market competitiveness, enhancing shareholder value in the long term.
What products does Yerbaé Brands offer?
Yerbaé offers a variety of plant-based energy beverages that are zero calorie, non-GMO, and align with various diet preferences.
How can customers purchase Sure Shot?
Sure Shot can be purchased through the official Safety Shot website and is also being introduced to retail channels for wider accessibility.
What are the future plans for the combined company?
Future plans include expanding product lines, leveraging synergies from both brands, and increasing market penetration in beachside bars and restaurants.
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