What changed in this filing

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Item 3. Legal Proceedings

2026-03-31 compared with 2025-03-28 · 31 added, 25 removed, 80 unchanged (41% of the section changed)

28 unchanged sentences

seeks compensatory damages estimated to exceed $500,000.

The Company has filed a motion to dismiss Sabby’s amended complaint and

is awaiting the Court’s ruling.

The Company intends to vigorously defend itself against Sabby’s claims and does not believe

that the Litigation’s ultimate disposition or resolution will have a material adverse effect on the Company’s financial position,

results of operations or liquidity.

The case was dismissed with prejudice by the federal district court for the Southern District of

New York on September 23, 2024.

On October 10, 2024, Sabby filed an appeal of the Southern District’s dismissal to the United States

Court of Appeals for the Second Circuit.

The Company is awaiting the decision from the Court of Appeals for the Second Circuit.

The Company filed a motion to dismiss Sabby’s amended complaint.

was dismissed with prejudice by the federal district court for the Southern District of New York on September 23, 2024.

On October 10,

2024, Sabby filed an appeal of the Southern District’s dismissal to the United States Court of Appeals for the Second Circuit.

In and around March of 2025, Sabby was successful in its appeal to the Second Circuit and the lower court’s ruling was overturned

as to Sabby’s breach of contract claim – Sabby’s additional claims for promissory estoppel and negligent misrepresentation

were dismissed.

On or about July 1, 2025, the Second Circuit denied the Company’s petition for reconsideration.

The Company intends

to vigorously defend itself against Sabby’s claims and does not believe that the Litigation’s ultimate disposition or resolution

will have a material adverse effect on the Company’s financial position, results of operations or liquidity.

February 9, 2024, “Sabby” Volatility Warrant Master Find Ltd.

5 unchanged sentences

2,105,263 shares of common stock.

On March 8, 2024, Sabby filed an amended complaint.

The Company has answered the amended complaint

is due on March 29, 2024.

Sabby seeks “liquidated and compensatory damages in an amount to be proven at trial,” including

1 unchanged sentence

specific performance, attorneys’ fees, expenses and costs.

The Company intends to vigorously defend itself against Sabby’s

claims and does not believe that the Litigation’s ultimate disposition or resolution will have a material adverse effect on the

The Company has made an offer of $1.5 million to settle this matter.

The Company participated in a trial in the Litigation as to damages only in January of 2026 and is awaiting the Court’s ruling.

The Company does not believe that the Litigation’s ultimate disposition or resolution will have a material adverse effect on the

Company’s financial position, results of operations or liquidity.

7 unchanged sentences

The Company filed its answer to the complaint on or about March 7, 2024 .

Company intends to defend itself vigorously against Sabby’s claims and does not believe that the Litigation’s ultimate disposition

will have a material adverse effect on the Company’s financial position, results of operations or liquidity.

In April of 2025, the Company settled the Litigation by agreeing to provide 3i with unregistered shares of the Company’s common

stock with a market value of $400,000 (the “Settlement Shares”) measured by the lower of the closing price on the NASDAQ

Exchange on the day before the date of filing of a Form S-1 and the average VWAP closing price for the five days preceding the date of

The Company has fully complied with the terms of the settlement agreement in this matter and issued the Settlement Shares

January 10, 2024, Bigger Capital Fund, L.P.

25 unchanged sentences

is filed herein as Exhibit 4.6.

or about January 18, 2024, Alta Partners, LLC, (“Alta”) filed a lawsuit against the Company in the federal district court

for the Southern District of New York, case captioned, Alta Partners, LLC v.

or about January 18, 2024, Alta Partners, LLC, (“Alta”) filed a lawsuit against the Company in the federal district

court for the Southern District of New York, case captioned, Alta Partners, LLC v.

Safety Shot, Inc.

24-cv-373 (S.D.N.Y.) (the “Litigation”).

The Litigation stems from the Company’s warrant to purchase shares of Company common stock and asserts causes of action for Breach

of Contract Breach of the Implied Covenant of Good Faith and Fair Dealing (in the alternative) and violation of Section 11 of the Securities

The Litigation seeks compensatory general and liquidated damages in an amount to be proven at trial.

On or about January

29, 2025, the Company settled the Litigation by agreeing to pay $350,000 in exchange for a release of all claims by Alta.

24-cv-373 (S.D.N.Y.) (the

“Litigation”).

The Litigation stems from the Company’s warrant to purchase shares of Company common stock and

asserts causes of action for Breach of Contract Breach of the Implied Covenant of Good Faith and Fair Dealing (in the alternative)

and violation of Section 11 of the Securities Act of 1933.

The Litigation seeks compensatory general and liquidated damages in an

amount to be proven at trial.

On or about January 29, 2025, the Company settled the Litigation by agreeing to pay $350,000 in

exchange for the release of all claims by Alta.

The Company has fully complied with the terms of the settlement agreement in this

matter and paid the $325,000 settlement payment in 2025.

Company may be subject to legal proceedings and claims arising from contracts or other matters from time to time in the ordinary course

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings