Jupiter Wellness, Inc. completed the Spin-Off of SRM Entertainment Limited.
August 13, 2023
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The board of Jupiter Wellness, Inc. (NasdaqCM:JUPW) intent to spin-off an unknown minority stake in SRM Entertainment, Inc on December 9, 2022. Stockholders of the Jupiter Wellness will receive one share SRM Common Stock, for every 19.35 shares of the Company?s common stock held or underlying the Warrants as of the Record Date. SRM Entertainment, Inc. (SRM) has filed a registration statement with the Securities and Exchange Commission to separate the company from Jupiter Wellness, Inc. (Jupiter Wellness). Upon completion of the spin-off, SRM and Jupiter Wellness will be two independent and separate public companies. Jupiter Wellness is expected to remain the majority shareholder of SRM. The date for determining which Jupiter Wellness shareholders will receive SRM shares in the spin-off will be announced before the effective date of SRM?s registration statement. Once the registration statement is declared effective by the Securities and Exchange Commission, shares of SRM will be distributed to Jupiter Wellness shareholders, who will continue to hold their shares in Jupiter Wellness. SRM Entertainment, Inc. (SRM) filed a registration statement with the Securities and Exchange Commission during fourth quarter of 2022. As of June 27, 2023, The record date has been set for July 7, 2023. Distribution of shares are expected to take place on July 12, 2023. As of July 11, 2023, the distribution to be paid on or about July 12, 2023, and trading date of SRM Common Stock on or about July 13, 2023, has been delayed until SRM?s Registration Statement on Form S-1 (Filed No. 333-272250), as amended, relating to shares of SRM Common Stock (the ?Registration Statement?), has been declared effective by the U.S. Securities and Exchange Commission (the ?SEC?) and the listing of the SRM Common Stock on Nasdaq has been approved by Nasdaq. As of August 2, 2023, Jupiter Wellness, Inc. announced that payment date for the distribution of shares of common stock is expected be on August 3, 2023. As of August 3, 2023, The distribution of shares has been temporary delayed. The transaction is expected to close on August 14, 2023. VStock Transfer, LLC acted as a transfer agent to Jupiter Wellness.
Jupiter Wellness, Inc. completed the Spin-Off SRM Entertainment Limited on August 14, 2023.
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SAFETY SHOT, INC. 