PANews, August 11 - According to StockTitan, Safety Shot (Nasdaq: SHOT) announced a strategic alliance with the BONK founding team and will receive BONK tokens valued at $25 million. In exchange, the company will issue $35 million in convertible preferred stock. Safety Shot has settled all debts and holds $15 million in cash. This collaboration aims to incorporate BONK into the company's balance sheet and promote asset diversification. BONK, as the fourth largest memecoin on the Solana chain, has a market capitalization of over $2 billion and boasts more than 980,000 on-chain holders. Dominari Securities is the exclusive financial advisor for this transaction.
