SRM Entertainment Enters Lock-Up Agreement with Major Shareholder

February 14, 2025

DENVER, Colo., Feb 14, 2025 (247marketnews.com)- SRM Entertainment (NASDAQ:SRM) reported entering a lock-up agreement with Safety Shot. Safety Shot is a major shareholder and the agreement covers 2,347,142 of SRM’s common shares. This represents approximately 13.7% of SRM Entertainment’s total outstanding shares.

The agreement restricts Safety Shot, Inc. from selling these shares until January 1, 2026, effective from February 10, 2025.

Rich Miller, SRM Entertainment’s CEO, said, “This lock-up agreement is a significant vote of confidence in SRM Entertainment’s strategic direction and growth potential. We are thrilled to have Safety Shot’s continued support as we execute our plans to expand our market reach, introduce creative products, and drive shareholder value. This agreement reinforces our shared belief in the Company’s long-term success and helps create a stable environment for our stock, benefiting all SRM shareholders.”

The lock-up is designed to foster an orderly trading market for SRM Entertainment’s shares and demonstrates the shareholder’s commitment to the company’s long-term vision and stability.

The lock-up agreement theoretically aligns Safety Shot’s interests with those of other shareholders, signaling confidence in SRM Entertainment’s future prospects and long-term value creation. By restricting the sale of such a significant portion of shares, the agreement aims to reduce volatility in SRM Entertainment’s stock price, minimizing the risk of large fluctuations caused by substantial share sales.

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