SRM Entertainment enters lock-up agreement with shareholder

SRM Entertainment (SRM) announced a lock-up agreement with a major shareholder, Safety Shot, Inc., encompassing 2,347,142 shares of the Company’s common stock. This represents approximately 13.7% of SRM Entertainment’s outstanding shares. This agreement, effective as of February 10, 2025, restricts the shareholder from selling these shares until January 1, 2026, demonstrating a strong commitment to the Company’s long-term vision and stability. This lock-up agreement is designed to foster an orderly trading market for SRM Entertainment’s shares and underscores the confidence the shareholder has in the Company’s future prospects. It aligns the shareholder’s interests with those of all other shareholders, promoting long-term value creation.