Jupiter Wellness, Inc. Announces Payment Date For The Distribution Of Common Stock Of SRM Entertainment, Inc.
Portfolio Pulse from Happy Mohamed
Jupiter Wellness, Inc. (NASDAQ:JUPW) has announced the expected payment date for the distribution of shares of common stock of SRM Entertainment, Inc., a majority-owned subsidiary, to effect the spin-off of the SRM business. The payment date is expected to be on August 3, 2023, subject to SRM's Registration Statement being declared effective by the SEC, approval of the listing of the SRM Common Stock on the Nasdaq Capital Market, and receipt of certain other approvals.
August 04, 2023 | 11:07 am
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Jupiter Wellness's announcement of the expected payment date for the distribution of SRM Entertainment shares could potentially impact its stock price.
The announcement of the expected payment date for the distribution of SRM Entertainment shares as part of a spin-off is a significant event for Jupiter Wellness. However, the impact on the stock price will depend on various factors including the market's perception of the spin-off, the final approval from the SEC, and the listing of SRM Common Stock on the Nasdaq Capital Market.
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