Jupiter Wellness announces record date for spin-off of SRM Entertainment

Jupiter Wellness announced that the record date for the spin-off and distribution of shares of common stock, par value $0.0001 per share of SRM Entertainment, currently a majority-owned subsidiary of the Company, has been set for July 7. Stockholders of the Company and holders of certain warrants issued in the Company’s public offering in July 2021 will receive one share SRM Common Stock, for every 19.35 shares of the Company’s common stock held or underlying the Warrants as of the Record Date. Fractional shares of SRM Common Stock will not be distributed. Instead, VStock Transfer, the distribution agent, will round down fractional shares of SRM common stock into whole shares. The distribution is expected to paid on or about July 12.