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Benzinga
Benzinga
Business
Nina Zdinjak

Jupiter Wellness To Dividend SRM Entertainment Subsidiary To Its Stockholders

Jupiter Nasdaq

Jupiter Wellness, Inc. (NASDAQ:JUPW) revealed plans Monday to dividend its wholly-owned subsidiary, SRM Entertainment to its stockholders with Jupiter’s merger with Next Frontier Pharmaceuticals, Inc.

Each Jupiter Wellness stockholder will be entitled to approximately one share of SRM Entertainment common stock for every four shares of Jupiter Wellness common stock owned. The transaction is expected to be completed in the coming four months, assuming regulatory and stockholder approval.

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