$5 Million No Warrants Private Placement Reaffirms Investor Confidence In Safety Shot Inc. (NASDAQ: SHOT)
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On April 4, Safety Shot, Inc. (NASDAQ:SHOT) announced a private placement of $5 million from a private institutional investor, Core 4 Capital Corp. The deal involved issuance of 2,369,668 shares at a price of $2.11 per share, and most importantly, no warrants were attached in the terms of the offering, illustrating investor confidence in the company. Safety Shot also didn't pay commissions in connection with the financing and incurred minimal expenses compared to most offerings that result in less than 90% of the proceeds actually going to the company.
Investors can see a more detailed analysis of the deal in this video here.
Safety Shot CEO Jarret Boon commented, We are thrilled to announce this straight equity investment into the Company from a single institutiona...