Safety Shot Spins Off Caring Brands Business To Focus On Commercialization Of Safety Shot Supplement, Plans Dividend Issuance Of Two Million Shares To Shareholders
Portfolio Pulse from Benzinga Newsdesk
Safety Shot has announced the spin-off of its Caring Brands business to concentrate on the commercialization of its Safety Shot supplement. The company also plans to issue a dividend of two million shares to its shareholders.
September 26, 2024 | 1:18 pm
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Safety Shot is spinning off its Caring Brands business to focus on its Safety Shot supplement. The company plans to issue a dividend of two million shares, which could attract investor interest.
The spin-off allows Safety Shot to concentrate resources on its core supplement business, potentially improving operational efficiency and market focus. The dividend issuance of two million shares is likely to be seen as a positive move by investors, as it provides direct value to shareholders.
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