Jupiter Wellness Reports Postponement Of Spin-Off And Distribution Of Common Stock Of Subsidiary SRM Entertainment
Portfolio Pulse from Benzinga Newsdesk
Jupiter Wellness has announced the postponement of the spin-off and distribution of common stock of its subsidiary, SRM Entertainment. The company intends to proceed with the distribution as soon as it complies with federal securities laws and receives regulatory approval.
July 11, 2023 | 8:06 pm
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Jupiter Wellness's decision to postpone the spin-off and distribution of SRM Entertainment's common stock may cause uncertainty among investors, potentially impacting the company's stock price in the short term.
The postponement of the spin-off and distribution of common stock of SRM Entertainment, a subsidiary of Jupiter Wellness, may cause uncertainty among investors. This could lead to a short-term negative impact on the company's stock price as investors may perceive this as a sign of potential issues with the spin-off or regulatory compliance.
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