- Safety Shot (SHOT, Financial) completes acquisition of Yerbae Brands Corp.
- The transaction involves the issuance of 19.9 million SHOT shares.
- Yerbae's stock will be delisted from TSX Venture Exchange and OTCQX by June 30, 2025.
Safety Shot Inc. (SHOT), a wellness and dietary supplement company, has successfully acquired Yerbae Brands Corp, a plant-based energy beverage producer. Under the terms of the acquisition, Safety Shot issued approximately 19,881,948 common shares to acquire 100% of Yerbae's outstanding shares.
As a result of this acquisition, Safety Shot shareholders now hold approximately 81.64% of the combined entity, while former shareholders of Yerbae possess 18.36%. This strategic move allows Safety Shot to diversify its product offerings by entering the competitive energy beverage market.
The acquisition was executed through a court-approved plan of arrangement under British Columbia law. Yerbae shareholders received 0.2918 shares of Safety Shot for each share of Yerbae they owned, resulting in significant dilution for Yerbae shareholders, who now hold less than 20% of the merged company.
Effective June 30, 2025, Yerbae's shares will be delisted from the TSX Venture Exchange and OTCQX, marking a new chapter for the combined entity in the beverage and wellness sectors. The integration of both companies aims to leverage their strengths, expand product lines, and enhance cross-selling opportunities, potentially creating greater value for their shareholders.
