Jupiter Wellness Changes its Name to Safety Shot and Ticker to “SHOT” in Alignment with New Business Focus
14 Septembre 2023 - 10:38PM
Jupiter Wellness, Inc. (Nasdaq: JUPW) (Nasdaq: SHOT) today
announced that effective September 15, 2023, the Company has
changed its name to Safety Shot, Inc. and at the open of market has
changed its ticker symbol and will be trading as “SHOT”.
The Company recently acquired Safety Shot which
is going into production at facilities across the U.S. in
preparation for its launch in the fourth quarter of 2023. Created
by industry experts, patented, and validated by research, Safety
Shot helps to break down alcohol faster while aiding in recovery
and rehydration. Safety Shot is pushing the boundaries of
innovation by creating an exciting new product category—rapid
alcohol detoxification—in the fast-growing hangover remedies
market, which was valued at $1.56 billion in 2020 and is projected
to grow at a CAGR of 14.6% from 2021 to 2028.
“We are very excited about the opportunities
ahead for our Company in the functional beverage industry,” stated
Safety Shot’s CEO Brian John. “Our management team now includes
accomplished serial entrepreneurs, a former senior executive from
one of the world’s largest beverage companies, and an industry
leading expert in flavoring science and product formulation. We’ve
created a multi-channel strategy designed to dominate e-commerce,
quickly win retail shelf space, and establish longstanding ties
with key distribution and sales partners in a $1.5 billion industry
growing at a double-digit annual rate.”
The Company invites members of the media to the
unveiling of Safety Shot on September 15th at 4pm for the
opportunity to taste samples and meet management for a Q&A. If
you are a member of the media and would like to attend, please send
your credentials to media@jupiterwellness.com.
About Safety
ShotSafety Shot, a wellness and functional beverage
company, is set to launch Safety Shot, the first patented beverage
on Earth that helps people feel better faster by reducing blood
alcohol content and boosting clarity. The Company plans to spin off
legacy assets from its Jupiter Wellness business to unlock value
for shareholders.
Interested investors and shareholders are
encouraged to sign up for press releases and industry updates by
registering for Email Alerts
at https://jupiterwellness.com/email-alerts/ and by
following Jupiter Wellness on Twitter and LinkedIn.
Forward Looking Statements
This communication contains forward-looking
statements regarding Jupiter Wellness, including, the anticipated
timing of studies and the results and benefits thereof. You can
generally identify forward-looking statements by the use of
forward-looking terminology such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,”
“intend,” “may,” “might,” “plan,” “potential,” “predict,”
“project,” “seek,” “should,” or “will,” or the negative thereof or
other variations thereon or comparable terminology. These
forward-looking statements are based on each of the Company’s
current plans, objectives, estimates, expectations, and intentions
and inherently involve significant risks and uncertainties, many of
which are beyond Jupiter Wellness’ control. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of these risks and
uncertainties and other risks and uncertainties affecting Jupiter
Wellness and, including those described from time to time under the
caption “Risk Factors” and elsewhere in Jupiter Wellness’
Securities and Exchange Commission (SEC) filings and reports,
including Jupiter Wellness’ Annual Report on Form 10-K for the year
ended December 31, 2023 and future filings and reports by Jupiter
Wellness. Moreover, other risks and uncertainties of which the
combined company is not currently aware may also affect each of the
companies’ forward-looking statements and may cause actual results
and the timing of events to differ materially from those
anticipated. Investors are cautioned that forward-looking
statements are not guarantees of future performance. The
forward-looking statements made in this communication are made only
as of the date hereof or as of the dates indicated in the
forward-looking statements and reflect the views stated therein
with respect to future events at such dates, even if they are
subsequently made available by Jupiter Wellness on its website or
otherwise. Jupiter Wellness undertakes no obligation to update or
supplement any forward-looking statements to reflect actual
results, new information, future events, changes in its
expectations or other circumstances that exist after the date as of
which the forward-looking statements were made.
Safety Shot Media Contact:
Phone: 561-244-7100Email: info@JupiterWellness.com
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