M&A - SRM Entertainment, Inc.
Form Type: 10-K
Filing Date: 2025-03-31
Corporate Action: Acquisition
Type: New
Accession Number: 000164117225001862
Filing Summary: SRM Entertainment, Inc. completed the acquisition of SRM Entertainment Limited on August 14, 2023, which has been accounted for as a Reverse Acquisition. Following this acquisition, SRM Entertainment, Inc. is positioned as a toy and souvenir designer and developer, engaging significantly in pop culture products. The company established itself by leveraging its relationships with content providers, retailers, and consumers to create unique products reflecting fans' affinity for various cultural elements. The company experienced substantial growth and aims to maintain compliance with Nasdaq listing requirements amid ongoing financial developments, including past direct offers and compliance efforts regarding stock price compliance.
Document Link: View Document
Additional details:
Business Overview: SRM Entertainment, Inc. is a designer and developer of toys and souvenirs, primarily targeting theme parks and entertainment venues, with an emphasis on pop culture.
Acquisition Date: 2023-08-14
Entity Acquired: SRM Entertainment Limited
Percentage Owned By Safety Shot: 13.6
Compliance Period: 180
Minimum Bid Requirement Date: 2025-04-21
Secured Note Amount: 1500000
Secured Note Interest Rate: 8
Secured Note Maturity Date: 2025-09-03
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