Safety Shot, Yerbaé Shareholders Approve Merger Closing Next Week

Safety Shot, Inc. has received shareholder approval for its acquisition of Yerbaé Brands Corp., a plant-based functional beverage company, with the merger expected to close soon. The newly combined entity will operate under the Safety Shot name and maintain its listing on the Nasdaq Capital Market under the ticker symbol "SHOT," while Yerbaé's shares will be delisted from the TSX Venture Exchange. Safety Shot, known for its wellness and dietary supplement products including the patented Sure Shot alcohol reducer, aims to leverage Yerbaé's retail and distribution network to expand both brands. Despite Safety Shot facing financial challenges such as a significant stock decline and liquidity concerns, CEO Jarrett Boon highlighted the strategic value and growth potential of the merger. Yerbaé, founded in 2017, offers zero sugar, zero calorie energy beverages made from yerba mate, targeting wellness-oriented consumers. The acquisition combines the strengths of both companies to enhance market positioning in the wellness and functional beverage sectors.