SRM Entertainment, Inc. announced on February 14, 2025, a lock-up agreement with Safety Shot, Inc., a major shareholder. The agreement encompasses 2,347,142 shares of the Company’s common stock, representing approximately 13.7% of SRM Entertainment's outstanding shares.
This agreement, effective as of February 10, 2025, restricts Safety Shot, Inc. from selling these shares until January 1, 2026. The lock-up is designed to foster an orderly trading market for SRM Entertainment’s shares.
CEO Rich Miller stated that this agreement is a significant vote of confidence in SRM Entertainment's strategic direction and growth potential. It aligns the shareholder's interests with those of all other shareholders, promoting long-term value creation and helping to create a stable environment for the stock.
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