Brief: Jupiter Wellness Enters Into Agreement With SRM Entertainment

Bonk

02/06/2023 21:32

June 2 (Reuters) - Jupiter Wellness Inc  JUPW.O :
    * JUPITER WELLNESS INC-ON MAY 20, ENTERED INTO AGREEMENT
WITH SRM
ENTERTAINMENT, INC.
    * JUPITER WELLNESS INC-AS PER DEAL, CO AGREED TO EXCHANGE
ALL OF
CAPITAL STOCK OF 'SRM ENTERTAINMENT LTD' IN EXCHANGE FOR 6.5
MILLION SHARES OF SRM
    * JUPITER WELLNESS INC-PLAN TO SPIN OFF 2 MILLION SHARES OF
SRM TO
STOCKHOLDERS, CERTAIN WARRANT HOLDERS AND TO EFFECT AN SRM IPO
    * JUPITER WELLNESS INC-IN EVENT IF SRM IPO NOT CONSUMMATED,
DEAL
WILL NOT BECOME EFFECTIVE AND SRM WILL REMAIN SUBSIDIARY OF CO

Source text for Eikon:  ID: 
Further company coverage:  JUPW.O 

 ((Reuters.Briefs@thomsonreuters.com;))