JUPW - Jupiter Wellness delays share distribution and spin-off of its SRM business
2023-07-11 16:54:36 ET
-
Jupiter Wellness ( NASDAQ: JUPW ) said Tuesday that the payment date for share distribution of SRM Entertainment, which is a majority-owned unit of the company, to effect the spin-off of the SRM business has been delayed.
-
The previously announced distribution to be paid on or about July 12, 2023, and the previously announced trading date of SRM common stock on the Nasdaq, expected on or about July 13, 2023, have been delayed.
-
The distribution and spin-off will continue once the SEC declares SRM’s Form S-1 to be effective and after Nasdaq OKs the listing of its common stock.
-
The previously announced record date of July 7, 2023, will remain the same.
For further details see:
Jupiter Wellness delays share distribution and spin-off of its SRM business