Bonk (SHOT) Proxy Filing summary

Executive summary

• Safety Shot, Inc. and Yerbaé Brands Corp. propose a business combination via a court-approved plan of arrangement, with Safety Shot acquiring all Yerbaé shares at an exchange ratio of 0.2918 Safety Shot shares per Yerbaé share, resulting in Yerbaé shareholders owning approximately 24.2% and Safety Shot shareholders 75.8% of the combined company on a fully diluted basis.

• The transaction is motivated by anticipated synergies, enhanced liquidity, improved financial position, and expanded product offerings, with both boards unanimously recommending approval.

• The arrangement is subject to approval by Yerbaé shareholders (66 2/3% supermajority and simple majority excluding interested parties), Safety Shot shareholders (majority), and the Supreme Court of British Columbia, with an expected closing in Q2 2025.

Voting matters and shareholder proposals

• Yerbaé shareholders will vote on the arrangement resolution; Safety Shot shareholders will vote on share issuance, equity incentive plan amendment, settlement proposal, Nasdaq change of control, reverse stock split, and adjournment proposals.

• Approval thresholds: Yerbaé—66 2/3% and simple majority excluding interested parties; Safety Shot—majority for most proposals, with special conditions for the reverse stock split.

• Dissent rights are available to registered Yerbaé shareholders, allowing them to seek fair value for their shares.

Board of directors and corporate governance

• The combined company board will have seven directors: six from Safety Shot and one from Yerbaé (Todd Gibson).

• Safety Shot’s management will lead the combined company, with Yerbaé’s leadership assuming secondary roles.