Litigation update - safety shot authorized to serve notice of action against capybara research and igor appelboom by public disclosure and press release pursuant to court order

Jupiter, fl, jan. 16, 2024 (globe newswire) -- on december 5, 2023, safety shot, inc. (nasdaq: shot) (“shot” or the “company”) 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 (the “action”), against capybara research (“capybara”), 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, 2023 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.
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