- Safety Shot (SHOT, Financial) postpones spin-off of Caring Brands (CABR) due to Nasdaq's disapproval of the stock listing.
- The distribution ratio remains 1 CABR share for every 45 SHOT shares held.
- The company awaits Nasdaq's listing approval to proceed with the spin-off distribution.
Safety Shot, Inc. (SHOT) has announced a delay in the spin-off and distribution of shares for its subsidiary, Caring Brands, Inc. (CABR), previously scheduled for April 7, 2025. The postponement is a result of Nasdaq's rejection of the Caring Brands' common stock listing application.
The distribution, which was originally planned for August 9, 2025, involves stockholders receiving one share of CABR for every 45 shares of Safety Shot held. The transaction's execution depends on several regulatory approvals, including the U.S. Securities and Exchange Commission (SEC) declaring the effective Registration Statement (File No. 333-285964) and Nasdaq listing approval.
Safety Shot's management intends to continue efforts to list Caring Brands once approval is secured. The company has not provided a revised timeline for the completion of the spin-off. ClearTrust, LLC, will handle fractional shares by rounding them down into whole shares.
The company's market capitalization stands at $34 million, with uncertainties surrounding the spin-off raising concerns about its strategic planning and regulatory compliance. Safety Shot remains committed to achieving the intended corporate restructuring once the necessary approvals are in place.
