SHOT.NASDAQSafety Shot, INC

8-K: Bonk, Inc. Completes 1-for-35 Reverse Stock Split

Sentiment:

Corporate Action


Bonk, Inc. has completed a 1-for-35 reverse stock split, reducing its outstanding common shares and adjusting trading on Nasdaq.

Summary

  • Bonk, Inc. filed a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation to effect a 1-for-35 reverse stock split of its common stock.
  • The reverse stock split became effective at 12:01 a.m. Eastern Time on December 11, 2025.
  • The number of issued and outstanding common shares decreased from 184,976,280 to 5,285,037, subject to adjustment for the rounding up of fractional shares.
  • No fractional shares were issued; stockholders who would otherwise be entitled to fractional shares will receive cash payments.
  • The reverse stock split affected all holders of Common Stock uniformly and did not affect any stockholders' percentage ownership interest in the company, except for fractional share adjustments.
  • Voting rights and other rights and preferences of the holders of Common Stock were not affected by the reverse stock split.
  • Common Stock began trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market on December 11, 2025, under the unchanged trading symbol BNKK.
  • The new CUSIP number for Common Stock following the reverse stock split is 48208F303.

Sentiment

Score: 4

Explanation: A reverse stock split is often undertaken by companies with a low stock price, potentially indicating underlying challenges. While it can help meet listing requirements and improve market perception, it does not inherently address fundamental business performance. The filing itself is purely factual about the corporate action.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

  • The registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Industry Context

The filing does not provide specific analysis of how this corporate action relates to broader industry trends or competitors.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Amendment to Certificate of IncorporationBonk, Inc. filed a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation to effect a 1-for-35 reverse stock split. This amendment modified Section 1 of Article Four regarding authorized shares and the mechanics of the reverse split.2025-12-11The amendment formally implements the reverse stock split, reducing the number of outstanding shares and adjusting the capital structure without affecting voting rights or percentage ownership (except for fractional shares). It ensures compliance with the corporate action.

Stakeholder Impact

  • Shareholders: Each holder of Common Stock now owns fewer shares (1-for-35 conversion), but their percentage ownership interest in the company remains largely unchanged (except for fractional shares). Those entitled to fractional shares will receive cash payments.

Key Dates

DateDescription
2018-10-24Original Certificate of Incorporation filed with the Secretary of State of Delaware.
2018-11-29Certificate of Incorporation amended and restated.
2020-07-13Certificate of Incorporation amended and restated.
2024-11-25Certificate of Incorporation amended and restated.
2025-11-04Certificate of Incorporation amended.
2025-12-09Bonk, Inc. filed a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation to effect a reverse stock split.
2025-12-11Reverse Stock Split became effective at 12:01 a.m. Eastern Time; Common Stock began trading on a Reverse Stock Split-adjusted basis on The Nasdaq Capital Market.
2025-12-12Date of signing the 8-K report by the Chief Executive Officer.

Keywords

Bonk Inc., BNKK, Reverse Stock Split, Stock Split, Corporate Action, Nasdaq, Common Stock, Share Consolidation, SEC Filing, 8-K

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