Derivative dividend record date expected end of November
JUPITER, FL / ACCESSWIRE / Nov 7, 2022 / Jupiter WellnessInc. (Nasdaq:JUPW), a wellness company focused on hair loss, eczema, burns and sexual wellness, announced plans to transfer and spin off forty percent (40%) of the company’s wholly owned subsidiary, Caring Brands , Inc., through a dividend in the form of digital securities to Jupiter Wellness shareholders with a record date of the end of November. The Company will retain sixty percent (60%). The spin-off transaction will be subject to several conditions, including that Caring Brands, Inc. be eligible for future listing on the Securities Exchange Upstream, powered by Blockchain, the revolutionary NFT and digital securities trading application powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”). Management intends to publicly list Caring Brands, Inc. through an Upstream listing in December 2022.
Caring Brands, Inc. is an innovative developer of cannabidiol (CBD)-based wellness and therapeutic products. The company’s inventory of CBD-enhanced skin care therapies address a variety of indications including skin care and general wellness. The company generates revenue through the manufacture, distribution, and marketing of a diverse line of CBD-infused consumer products.
The planned Upstream dual listing is designed to give Caring Brands, Inc. the opportunity to access a global base of digital investors who can trade using the USDC digital currency alongside credit cards, debit cards, PayPal and USD, freeing up liquidity and improving price discovery while globalizing the opportunity to invest in Caring Brands, Inc. Once approved for listing on Upstream, Jupiter shareholders of record will be able to install the Upstream app and receive dividend shares. Details on how shareholders of record will receive their dividend shares and how to trade them Upstream will be explained in the notice of the dividend record date.
Speaking about the Upstream listing application, Brian John, CEO of Jupiter Wellness, said: “We are always looking for ways to create greater liquidity and value for our shareholders. We see a dual Upstream listing as a great way to reach a worldwide market of potential new investors who can learn about our Company. We recently announced a business spin to streamline our business approach and look forward to updating our expanding shareholder base as we go forward.”
Approval to be listed on Upstream is subject to acceptance by MERJ, including but not limited to disclosure, filing and notification requirements.
Upstream, a MERJ Exchange Market (www.merj.exchange), is a fully regulated global stock exchange for digital securities and NFTs. Powered by Horizon’s Ethereum-L2 matching engine technology, the platform allows users to trade NFTs and invest in securities for IPOs, crowdfunding companies, US and international stocks, and celebrity companies using the Upstream app. . For more information, visit https://upstream.exchange. Upstream is currently accepting applications for dual listing at https://upstream.exchange/GetListed.
About Jupiter Wellness
Jupiter Wellness is a diversified company that supports health and wellness through the research and development of over-the-counter (OTC) products and intellectual property. The Company’s product portfolio addresses a variety of conditions, including hair loss, eczema, burns and sexual wellness. Revenue is generated through sales of OTC and consumer products, contract research agreements, and license royalties.
Investors and interested shareholders are encouraged to sign up for press releases and industry updates by signing up for email alerts at https://jupiterwellness.com/email-alerts/ and following Jupiter Wellness on Twitter Y LinkedIn.
Contact for investors
This release contains forward-looking statements regarding Jupiter Wellness, including the anticipated timing of the studies and the results and benefits of the studies. In general, you can identify forward-looking statements by using forward-looking terminology such as “anticipate”, “believe”, “continue”, “may”, “estimate”, “expect”, “explore”, “assess”, “intend” , “may”, “could”, “plan”, “potential”, “predict”, “project”, “seek”, “should” or “will”, or the negative thereof or other variations thereof or comparable terminology. These forward-looking statements are based on each of the Company’s current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties, many of which are beyond the control of Jupiter Wellness. Actual results and timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties and other risks and uncertainties affecting Jupiter Wellness, including those described from time to time under the heading “Risk Factors.” and elsewhere in Jupiter Wellness Securities and Exchange Commission (SEC) filings and reports, including Jupiter Wellness Annual Report on Form 10-K for the year ended December 31, 2021, and future presentations and reports from Jupiter Wellness. In addition, other risks and uncertainties of which the combined company is not currently aware may also affect each of the companies’ forward-looking statements and may cause actual results and timing of events to differ materially from those anticipated. Investors are cautioned that forward-looking statements are not guarantees of future performance. The forward-looking statements made in this release are made only as of the date hereof or the dates indicated in the forward-looking statements and reflect the views expressed therein regarding future events on such dates, even if made later. available by Jupiter Wellness on its website or otherwise. Jupiter Wellness undertakes no obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date any forward-looking statements are made.
FONT: Jupiter Wellness Inc.
See the source version at accesswire.com: