8-K: Safety Shot Shareholders Greenlight Acquisition of Yerba Brands, Paving Way for Functional Beverage Powerhouse

Safety Shot, Inc. announced that its majority shareholders have approved the proposed acquisition of Yerba Brands Corp., with the merger expected to close next week.

Summary

• Safety Shot, Inc. (Nasdaq: SHOT) shareholders have overwhelmingly approved the proposed acquisition of Yerba Brands Corp. (TSX-V: YERB.U).
• The approval was secured at Safety Shot's Special Meeting of Stockholders held on June 12, 2025.
• The merger is anticipated to be completed next week, after which the combined entity will continue operating as Safety Shot, Inc., trading on The Nasdaq Capital Market under the ticker SHOT.
• Upon closing, Yerba Brands Corp.'s shares will be delisted from the TSX Venture Exchange.
• The acquisition aims to integrate Safety Shot's patented Sure Shot rapid alcohol reducer with Yerba's line of plant-based, zero-sugar, zero-calorie energy beverages.
• The strategic rationale is to create a stronger presence in the functional beverage market by leveraging Yerba's existing retail and distribution network to accelerate growth for both brands.
• Maxim Group LLC is serving as the exclusive financial advisor to Safety Shot for this transaction.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to the successful shareholder approval of a significant strategic acquisition, which is expected to close imminently and create substantial growth potential by combining complementary product lines and distribution networks.

Positives

• Overwhelming majority shareholder approval for the acquisition demonstrates strong investor confidence in the strategic direction.
• The merger is expected to create a powerful force in the functional beverage market by combining complementary product lines.
• Leveraging Yerba's robust retail and distribution network is anticipated to accelerate the growth of both Safety Shot and Yerba brands.
• The acquisition brings together innovative wellness solutions with popular and growing plant-based energy beverages, diversifying the product portfolio.

Risks

• The press release contains forward-looking statements that are subject to risks and uncertainties, which could cause actual results to differ materially from expectations, though specific risks are not detailed in this filing.

Future Outlook

The merger is expected to be completed next week, with the combined company continuing to operate as Safety Shot, Inc. and leveraging Yerba's distribution network to accelerate growth in the functional beverage market.

Management Comments

• Jarrett Boon, Chief Executive Officer of Safety Shot, stated: "On behalf of Safety Shot’s Board of Directors, I want to extend our sincere gratitude to our stockholders for their overwhelming support and majority approval of this transformative acquisition. This vote marks a pivotal milestone and is a testament to the significant strategic value and growth potential that the combination of Safety Shot and Yerba represents. We are thrilled to move forward with satisfying the final closing conditions and look forward to welcoming the Yerba team and completing the transaction next week."

Industry Context

This acquisition positions Safety Shot to become a more significant player in the rapidly growing functional beverage market, which includes wellness and energy drinks. By combining a patented alcohol reducer with popular plant-based energy beverages, the company aims to capture a broader segment of health-conscious consumers and expand its market reach through enhanced distribution.

Corporate Governance

Stakeholder Impact

• Shareholders of Safety Shot, Inc. will benefit from the strategic expansion and potential growth synergies resulting from the acquisition.
• Shareholders of Yerba Brands Corp. will see their shares delisted from the TSX Venture Exchange upon merger completion, transitioning into Safety Shot, Inc. shares.
• Employees of Yerba Brands Corp. are expected to be welcomed into the combined Safety Shot team.
• Customers of both companies may benefit from a broader portfolio of functional beverage products and potentially wider distribution.

Next Steps

• Satisfying the final closing conditions for the acquisition.
• Formal completion of the merger, expected to occur next week.
• Yerba Brands Corp. shares to be delisted from the TSX Venture Exchange upon closing.
• Safety Shot, Inc. will announce further details upon the formal completion of the merger.
• Filing of a Current Report on Form 8-K with the SEC detailing the final voting results from the Special Meeting of Stockholders.

Key Dates

Keywords

Safety Shot, Yerba Brands, Acquisition, Merger, Functional Beverage, Wellness, Dietary Supplement, Sure Shot, Plant-based, Nasdaq, TSX Venture Exchange, Shareholder Approval