JUPITER, FL, Aug. 02, 2023 (GLOBE NEWSWIRE) — Jupiter Wellness, Inc. (Nasdaq: JUPW) (the “Firm” or “Jupiter Wellness”), right this moment introduced that the fee date for the distribution of shares of widespread inventory, par worth $0.0001 per share (“SRM Widespread Inventory”), of SRM Leisure, Inc. (“SRM”), at the moment a majority-owned subsidiary of the Firm, to impact the spin-off of the SRM enterprise is predicted be on August 3, 2023.
The fee date stays topic to SRM’s Registration Assertion on Type S-1 (Filed No. 333-272250), as amended (the “Registration Assertion”), being declared efficient by the U.S. Securities and Change Fee (the “SEC”), the approval of the itemizing of the SRM Widespread Inventory on the Nasdaq Capital Market (“Nasdaq”) and the receipt of sure different approvals in reference to the providing. Within the occasion that such Registration Assertion isn’t declared efficient or the SRM Widespread Inventory isn’t accredited for itemizing, the distribution won’t be paid on such date and the spin-off transaction won’t happen. The Firm anticipates that the SRM Widespread Inventory will start buying and selling on Nasdaq on August 4, 2023.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities and shall not represent a proposal, solicitation or sale of any safety in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to consummation of the providing. The Registration Assertion referring to shares of SRM Widespread Inventory has been filed with the SEC, however has not but grow to be efficient. These shares of SRM Widespread Inventory will not be offered nor could provides to accumulate be accepted previous to the time the Registration Assertion turns into efficient. When out there, a last prospectus could also be obtained from the Firm or by visiting the web site maintained by the SEC at www.sec.gov.
About Jupiter Wellness
Jupiter Wellness is a diversified firm that helps well being and wellness by researching and creating over-the-counter (OTC) merchandise and mental property. The Firm’s product pipeline addresses a spread of circumstances, together with hair loss, psoriasis, and vitiligo. Income is generated by the gross sales of OTC and shopper merchandise and licensing royalties.
buyers and shareholders are inspired to enroll in press releases and business updates by registering for Electronic mail Alerts at https://jupiterwellness.com/email-alerts/ and by following Jupiter Wellness on Twitter and LinkedIn.
Ahead-Wanting Statements
This communication accommodates forward-looking statements concerning Jupiter Wellness, together with, the anticipated timing of research and the outcomes and advantages thereof. You possibly can usually determine forward-looking statements by means of forward-looking terminology corresponding to “anticipate,” “consider,” “proceed,” “may,” “estimate,” “anticipate,” “discover,” “consider,” “intend,” “could,” “would possibly,” “plan,” “potential,” “predict,” “undertaking,” “search,” “ought to,” or “will,” or the detrimental thereof or different variations thereon or comparable terminology. These forward-looking statements are primarily based on every of the Firm’s present plans, aims, estimates, expectations, and intentions and inherently contain important dangers and uncertainties, a lot of that are past Jupiter Wellness’ management, together with, with out limitation, statements about, amongst others, our capability to consummate the spin-off transaction or the distribution. Precise outcomes and the timing of occasions may differ materially from these anticipated in such forward-looking statements because of these dangers and uncertainties and different dangers and uncertainties affecting Jupiter Wellness, together with these described every so often beneath the caption “Danger Elements” and elsewhere in Jupiter Wellness’ SEC filings and reviews, together with Jupiter Wellness’ Annual Report on Type 10-Ok for the 12 months ended December 31, 2022, and future filings and reviews by Jupiter Wellness. Furthermore, different dangers and uncertainties of which the mixed firm isn’t at the moment conscious can also have an effect on every of the businesses’ forward-looking statements and should trigger precise outcomes and the timing of occasions to vary materially from these anticipated. Necessary elements that, in our view, may trigger precise outcomes to vary materially from these mentioned within the forward-looking statements embrace the anticipated advantages and prices of the meant spin-off transaction, the anticipated timing of the completion of the spin-off transaction and the transaction phrases. Buyers are cautioned that forward-looking statements usually are not ensures of future efficiency. The forward-looking statements made on this communication are made solely as of the date hereof or as of the dates indicated within the forward-looking statements and replicate the views said therein with respect to future occasions at such dates, even when they’re subsequently made out there by Jupiter Wellness on its web site or in any other case. Jupiter Wellness undertakes no obligation to replace or complement any forward-looking statements to replicate precise outcomes, new info, future occasions, adjustments in its expectations, or different circumstances that exist after the date on which the forward-looking statements had been made.
Media Contact
Cellphone: 561-244-7100
Electronic mail: media@jupiterwellness.com
Investor Contact
Cellphone: 561-244-7100
Electronic mail: buyers@jupiterwellness.com
