Safety Shot authorized to serve notice of action against Capybara Research

“On December 5, Safety Shot announced that it filed a federal lawsuit in the United States District Court for the Southern District of New York, Safety Shot, Inc. v. Capybara Research et. al., Case No. 1:23-cv-10728-JSR against Capybara Research, A firm that Safety Shot alleges was created for solely to lend “credibility” to its malicious and defamatory articles purposefully designed to negatively impact the share prices of publicly traded companies in which it holds short positions, and its previously anonymous owner and operator responsible for publishing the malicious and defamatory article authored and published on November 22 which attacked the Company and its directors leading to a 37.03% decline in the Company’s share price over the course of that day. After commencing the Action, the Company’s counsel at The Basile Law Firm discovered the true identity of the individual responsible for the article published on Capybara’s website and X f/k/a Twitter account to be an individual living in Brazil named Igor Appelboom. Appelboom previously operated an X account under his own name to which he posted content relating to the short selling of various securities. Capybara and Appelboom take short positions in publicly trading companies and release fraudulent, disparaging reports in order to drive the company’s stock price down for their own financial benefit,” said the company in a statement.