NetworkNewsBreaks – Jupiter Wellness Inc. (NASDA
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Posted On: 12/19/2022 3:34:16 PM
NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Announces Planned Spinoff of SRM Entertainment Inc.
Jupiter Wellness (NASDAQ: JUPW), a company focused on hair, skin and sexual wellness, today announced that SRM Entertainment has filed a registration statement with the Securities and Exchange Commission to separate the company. Upon completion of the spinoff, SRM and Jupiter Wellness will operate as two independent and separate public companies, with Jupiter Wellness expected to remain the majority shareholder of SRM. “SRM is a nuts-and-bolts business; the more capital we have to turn, the faster we will grow,” said SRM CEO Richard Miller. “This IPO of SRM to the NASDAQ will provide us with the capital to continue our revenue growth while giving loyal Jupiter Wellness shareholders a stock dividend in SRM Entertainment.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Jupiter Wellness (NASDAQ: JUPW), a company focused on hair, skin and sexual wellness, today announced that SRM Entertainment has filed a registration statement with the Securities and Exchange Commission to separate the company. Upon completion of the spinoff, SRM and Jupiter Wellness will operate as two independent and separate public companies, with Jupiter Wellness expected to remain the majority shareholder of SRM. “SRM is a nuts-and-bolts business; the more capital we have to turn, the faster we will grow,” said SRM CEO Richard Miller. “This IPO of SRM to the NASDAQ will provide us with the capital to continue our revenue growth while giving loyal Jupiter Wellness shareholders a stock dividend in SRM Entertainment.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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