Jupiter Wellness, Inc. Announces Updated Payment Date for the Distribution of Common Stock of SRM Entertainment, Inc.
10 Agosto 2023 - 5:15PM
Jupiter Wellness, Inc. (Nasdaq: JUPW) (the “Company” or “Jupiter
Wellness”), today announced that the payment date for the
distribution of shares of common stock, par value $0.0001 per share
(“SRM Common Stock”), of SRM Entertainment, Inc. (“SRM”), currently
a majority-owned subsidiary of the Company, to effect the spin-off
of the SRM business is expected be on August 14, 2023.
The payment date remains subject to SRM’s
Registration Statement on Form S-1 (Filed No. 333-272250), as
amended (the “Registration Statement”), being declared effective by
the U.S. Securities and Exchange Commission (the “SEC”). In the
event that such Registration Statement is not declared effective or
the SRM Common Stock is not approved for listing, the distribution
will not be paid on such date and the spin-off transaction will not
occur. The Company anticipates that the SRM Common Stock will begin
trading on the Nasdaq Capital Market on August 15, 2023.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any securities and
shall not constitute an offer, solicitation or sale of any security
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to consummation of the offering. The
Registration Statement relating to shares of SRM Common Stock has
been filed with the SEC, but has not yet become effective. These
shares of SRM Common Stock may not be sold nor may offers to
acquire be accepted prior to the time the Registration Statement
becomes effective. When available, a final prospectus may be
obtained from the Company or by visiting the website maintained by
the SEC at www.sec.gov.
About Jupiter Wellness
Jupiter Wellness is a diversified company that
supports health and wellness by researching and developing
over-the-counter (OTC) products and intellectual property. The
Company’s product pipeline addresses a range of conditions,
including hair loss, psoriasis, and vitiligo. Revenue is generated
through the sales of OTC and consumer products and licensing
royalties.
Interested investors and shareholders are
encouraged to sign up for press releases and industry updates by
registering for Email Alerts at
https://jupiterwellness.com/email-alerts/ and by following Jupiter
Wellness on Twitter and LinkedIn.
Forward-Looking Statements
This communication contains forward-looking
statements regarding Jupiter Wellness, including, the anticipated
timing of studies and the results and benefits thereof. You can
generally identify forward-looking statements by the use of
forward-looking terminology such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,”
“intend,” “may,” “might,” “plan,” “potential,” “predict,”
“project,” “seek,” “should,” or “will,” or the negative thereof or
other variations thereon or comparable terminology. These
forward-looking statements are based on each of the Company’s
current plans, objectives, estimates, expectations, and intentions
and inherently involve significant risks and uncertainties, many of
which are beyond Jupiter Wellness’ control, including, without
limitation, statements about, among others, our ability to
consummate the spin-off transaction or the distribution. Actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties and other risks and uncertainties affecting
Jupiter Wellness, including those described from time to time under
the caption “Risk Factors” and elsewhere in Jupiter Wellness’ SEC
filings and reports, including Jupiter Wellness’ Annual Report on
Form 10-K for the year ended December 31, 2022, and future filings
and reports by Jupiter Wellness. Moreover, other risks and
uncertainties of which the combined company is not currently aware
may also affect each of the companies’ forward-looking statements
and may cause actual results and the timing of events to differ
materially from those anticipated. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the expected
benefits and costs of the intended spin-off transaction, the
expected timing of the completion of the spin-off transaction and
the transaction terms. Investors are cautioned that forward-looking
statements are not guarantees of future performance. The
forward-looking statements made in this communication are made only
as of the date hereof or as of the dates indicated in the
forward-looking statements and reflect the views stated therein
with respect to future events at such dates, even if they are
subsequently made available by Jupiter Wellness on its website or
otherwise. Jupiter Wellness undertakes no obligation to update or
supplement any forward-looking statements to reflect actual
results, new information, future events, changes in its
expectations, or other circumstances that exist after the date on
which the forward-looking statements were made.
Media Contact
Phone: 561-244-7100Email:
media@jupiterwellness.com
Investor Contact
Phone: 561-244-7100Email:
investors@jupiterwellness.com
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