SCHEDULE: Lucky Dog Holdings Takes 19.99% Stake in Safety Shot

Lucky Dog Holdings has acquired a significant stake in Safety Shot, Inc. through Series C Convertible Preferred Stock, potentially leading to a controlling interest.

Summary

• Lucky Dog Holdings (LDH) has acquired 135,000 shares of Series C Convertible Preferred Stock in Safety Shot, Inc.
• This acquisition gives LDH beneficial ownership of 25,422,072 common shares, representing 19.99% of the class, based on currently convertible shares.
• The consideration for 35,000 shares was $25,000,000 in BONK tokens, pursuant to a Securities Purchase Agreement dated August 8, 2025.
• An additional 100,000 shares were acquired in exchange for an amount equal to ten percent (10%) of all gross revenue of LETSBONK, via a Revenue Sharing Agreement dated August 8, 2025.
• 27,481 shares of Series C Preferred Stock are currently convertible into common stock at a price of $1.081 per share.
• The remaining 107,519 shares are convertible into common stock following stockholder approval.
• LDH aims to acquire a controlling interest in Safety Shot, Inc. and has the right to elect 50% of the directors, with plans to work cooperatively with the existing Board to appoint an additional independent director.

Sentiment

Score: 8

Explanation: The filing indicates a substantial capital infusion and a strategic partnership, which are generally positive for a company. While there's a potential for control change and stockholder approval contingency, the immediate financial benefit and strategic alignment are strong positives.

Positives

• Safety Shot, Inc. received a significant capital infusion of $25,000,000 in BONK tokens.
• The revenue sharing agreement with LETSBONK could provide a steady stream of income for Safety Shot, Inc.
• The strategic partnership with Lucky Dog Holdings and LETSBONK may open new market opportunities and operational synergies for Safety Shot, Inc.

Negatives

• The transaction could lead to a significant change in control, with Lucky Dog Holdings potentially acquiring a controlling interest and electing 50% of the board.
• Future conversion of 107,519 Series C Preferred shares is contingent on stockholder approval, introducing uncertainty regarding the full realization of LDH's stake.
• The use of BONK tokens as consideration introduces cryptocurrency market volatility risk to the value of the initial investment.

Risks

• Stockholder approval is required for the conversion of 107,519 Series C Preferred shares, which could impact the full realization of Lucky Dog Holdings' stake and control.
• The value of the BONK token consideration is subject to cryptocurrency market fluctuations, which could affect the perceived value of the capital infusion.
• Potential for significant changes in corporate governance and strategic direction if Lucky Dog Holdings gains a controlling interest and substantial board representation.

Future Outlook

Lucky Dog Holdings intends to acquire a controlling interest in Safety Shot, Inc. and will exercise its right to elect 50% of the directors, working with the existing board to appoint an additional independent director, subject to stockholder consent for full conversion of its preferred shares.

Management Comments

• Lucky Dog Holdings, at any time and from time to time, may review, reconsider and change its position and/or change its purpose regarding its plans or proposals related to Safety Shot, Inc.

Industry Context

This transaction represents a significant strategic investment by a crypto-related entity (Lucky Dog Holdings, using BONK tokens and revenue from LETSBONK) into a traditional publicly traded company (Safety Shot, Inc.). It highlights the increasing convergence of traditional finance and the digital asset ecosystem, potentially signaling a new trend of crypto-backed investments in public markets. The involvement of a revenue-sharing agreement with a crypto-related platform (LETSBONK) also suggests innovative financing structures.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for dilution upon full conversion of Series C Preferred Stock; significant shift in control and strategic direction; potential for increased share value due to capital infusion and strategic partnership.
• Management: Will need to cooperate with Lucky Dog Holdings' elected directors and potentially new independent director, potentially leading to shifts in operational focus.
• Creditors: Improved financial stability due to the capital raise could be positive, potentially enhancing creditworthiness.

Next Steps

• Safety Shot, Inc. stockholders need to approve the conversion of 107,519 Series C Preferred shares into common stock.
• Lucky Dog Holdings will work with the existing Board to appoint an additional independent director.

Key Dates

Recommendation

The substantial capital infusion of $25,000,000 and the strategic partnership with Lucky Dog Holdings, including a revenue-sharing agreement, provide significant financial and operational upside for Safety Shot, Inc. While there is a contingency for stockholder approval for full conversion and a potential shift in control, the immediate benefits outweigh these factors, suggesting a positive outlook for the stock.

Keywords

Safety Shot Inc., Lucky Dog Holdings, Series C Preferred Stock, Convertible Stock, BONK tokens, LETSBONK, Controlling Interest, SEC Schedule 13D, Corporate Governance, Shareholder Approval, Equity Investment