Safety Shot rises after winning lawsuit against shortseller Capybara Research

Bonk

19/03/2024 21:05

** Shares of wellness beverage company Safety Shot  SHOT.O 
rise 2.3% to $2.64 after the bell  
    ** Co says a U.S. district court has ruled in its favor
regarding a lawsuit filed against shortseller Capybara Research
and Igor Appelboom's "defamatory, unfounded and malicious"
article    
    ** Capybara Research had posted an article in which it took
a short position on SHOT, which was further taken up by
financial news site Benzinga
    ** The jury has directed Capybara to publicly retract the
article from its website and/or social media accounts - SHOT 
    ** Says Benzinga has agreed to retract and remove the story
from its website and cease from any future publication 
    ** SHOT makes a beverage that reduces blood alcohol content 
    ** Up to last close, SHOT down 26.5% YTD 

 (Reporting by Mariam Sunny in Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com;))