Safety Shot rises after deal to license and sell certain assets

Bonk

22/02/2024 15:42

** Shares of Safety Shot  SHOT.O  rise 5.8% to $2.46
    ** The wellness beverage company says it has signed an
agreement to license and sell its Jupiter Wellness assets to
Colorado-based Elite Health Partners 
    ** The assets include a portfolio of over-the-counter
commercialized products as well as product candidates in
development for skin care, hair growth, and women's health 
    ** Co says all beverage assets will remain with Safety Shot
    ** Co says Elite Health plans to file for an IPO by Q3 2024 
    ** After its public listing, Elite Health will acquire the
licensed Jupiter Wellness assets for a consideration of 40% of
Elite's outstanding shares that Safety Shot plans to dividend to
its shareholders
    ** Including session's move, stock up nearly five-fold in
the last 12 months

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))