Safety Shot (NASDAQ: SHOT) today announced that it has signed an agreement to license and sell its legacy Jupiter Wellness assets to Colorado-based Elite Health Partners Inc., a leading provider of world-class, innovative products and services that fulfill a broad range of consumer health and beauty needs globally. According to the announcement, Elite Health, currently a private company, plans to file a registration statement for an IPO by Q3 2024 and subsequently become publicly listed. The announcement further stated that upon its IPO, Elite Health intends to acquire the licensed Jupiter Wellness assets for a consideration of 40% of Elite Health’s outstanding shares that Safety Shot plans to dividend to its shareholders. Safety Shot’s Jupiter Wellness assets include a portfolio of over-the-counter commercialized products as well as product candidates in development for indications such as skin care, hair growth and women’s health.
“Elite Health, combined with our Jupiter Wellness portfolio, is set to become a wellness powerhouse that develops, manufactures, launches, markets and distributes a portfolio of high-quality products,” said Safety Shot CEO Brian John. “This deal with Elite Health is a great way for Safety Shot to monetize our assets, further freeing us up to focus solely on Safety Shot’s enormous opportunity in the functional beverage industry.”
To view the full press release, visit https://ibn.fm/otbsJ
About Safety Shot Inc.
Safety Shot, a wellness and functional beverage company, is set to launch Safety Shot, the first patented wellness beverage on Earth that helps people feel better faster by reducing blood alcohol content, boosting clarity and overall mood. Safety Shot is available for retail purchase at www.DrinkSafetyShot.com and www.Amazon.com. The company plans to launch business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars in the first quarter of 2024.
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