NetworkNewsBreaks – Jupiter Wellness Inc. (NASDA
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Posted On: 06/28/2023 4:52:51 PM
NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Sets Record Date for SRM Entertainment Spin-Off, Share Distribution
Jupiter Wellness (NASDAQ: JUPW), a wellness company focused on hair metabolism and skin therapies, has announced the record date for the spin-off and distribution of common stock shares, par value $0.0001 per share, of SRM Entertainment Inc. SRM is a majority-owned subsidiary of Jupiter. According to the announcement, the record date is slated for July 7, 2023. On that date, company stockholders and holders of certain warrants will receive one share of SRM common stock, for every 19.35 shares of the company’s common stock held. The announcement noted that fractional shares would be rounded down into whole shares. The company anticipates that distribution will be paid on or about July 12, 2023, subject to certain requirements, with the SRM common stock beginning to trade on NASDAQ on or about July 13, 2023.
Please see full terms of use and 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 wellness company focused on hair metabolism and skin therapies, has announced the record date for the spin-off and distribution of common stock shares, par value $0.0001 per share, of SRM Entertainment Inc. SRM is a majority-owned subsidiary of Jupiter. According to the announcement, the record date is slated for July 7, 2023. On that date, company stockholders and holders of certain warrants will receive one share of SRM common stock, for every 19.35 shares of the company’s common stock held. The announcement noted that fractional shares would be rounded down into whole shares. The company anticipates that distribution will be paid on or about July 12, 2023, subject to certain requirements, with the SRM common stock beginning to trade on NASDAQ on or about July 13, 2023.
Please see full terms of use and 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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