Elite Health Partners, LLC cancelled the acquisition of Legacy Jupiter Wellness assets from Safety Shot, Inc..
March 24, 2024
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Elite Health Partners, LLC agreed to acquire Legacy Jupiter Wellness assets from Safety Shot, Inc. (NasdaqCM:SHOT) on February 21, 2024. Safety Shot Inc will receive 4,000,000 shares of common stock, par value 0.001. Elite Health plans to file a registration statement for an IPO by Q3 2024 and subsequently become a publicly listed company. Upon its IPO, Elite Health will 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.
Elite Health Partners, LLC cancelled the acquisition of Legacy Jupiter Wellness assets from Safety Shot, Inc. (NasdaqCM:SHOT) on March 25, 2024.
Safety Shot, Inc. is a wellness and functional beverage company. The Company is launching its Safety Shot, a patented beverage, which reduces blood alcohol content and boosting clarity. Safety Shot is an over-the-counter drink that can lower blood alcohol content to allow recovery from the effects of alcohol at a rate faster than would occur normally. Its product pipeline includes a range of products, such as hair loss treatments, eczema creams, vitiligo solutions, and sexual wellness products, that cater to different health and wellness needs. Its products are available through various retailers and e-commerce platforms. Additionally, the Company collaborate with other companies to license its intellectual property. The Company is also advancing various formulations to address psoriasis and vitiligo (Photocil), increase the effectiveness of minoxidil to treat hair loss (JW-700 minoxidil booster), womenâs sexual wellness (JW-500), and jellyfish sting prevention sunscreen (NoStingz).