Safety Shot (NASDAQ: SHOT), makers of the first patented beverage on Earth that helps people feel better faster by reducing blood alcohol content and boosting clarity, is reporting on its newly filed lawsuit against Capybara Research. According to the update, the company filed a federal lawsuit in the U.S. District Court for the Southern District of New York against Capybara Research on Dec. 4, 2023. In addition, the company is reporting that after weeks of investigatory work by counsel along with third-party assistance and cooperation, the person responsible for the malicious article has been identified. The company is now taking steps necessary to add that individual to the lawsuit. In addition, Safety Shot has added the social media news outlet Benzinga to the lawsuit for republishing, and continuing to republish, the Capybara report and other false reports that harm the company’s retail investment community. Earlier this month, Safety Shot announced that it had retained Mark R. Basile and his securities and RICO litigation firm, the Basile Law Firm PC, to assist in investigating and prosecuting all claims in defense of the company and its retail investors. The new counsel is reviewing all prior fundings in order to determine whether they were done appropriately or if Safety Shot rights have been violated. “We are committed to legally pursue all short and distort campaigns against the company as well as all media outlets that irresponsibly reported the false, misleading and defaming Capybara Report,” said Safety Shot CEO Brian S. John in the press release.
To view the full press release, visit https://ibn.fm/M6Kqs
About Safety Shot
Safety Shot, a wellness and functional beverage company, is set to launch Safety Shot, the first patented beverage on Earth that helps people feel better faster by reducing blood alcohol content and boosting clarity. Safety Shot will be available for retail purchase in the first week of December 2023. The company plans to launch business-to-business sales of Safety Shot to distributors, retailers, restaurants and bars in the first quarter of 2024. Safety Shot plans to spin off legacy assets from its Jupiter Wellness business to unlock value for shareholders. For more information about the company, visit www.SafetyShotHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to SHOT are available in the company’s newsroom at https://ibn.fm/SHOT
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