The article discusses a decrease of 0.8% in the stock price of Jupiter Wellness (NASDAQ:JUPW).

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Jupiter Wellness, Inc. Announces Temporary Postponement of. Distribution of shares of common stock, par value $0.0001 per share (SRM Common Stock), to effect the spin-off of the SRM business has been delayed. The Company remains intent on effectuating the distribution as soon as practicable.

Jupiter Wellness, Inc. Announces Postponement of Spin-Off. Company remains intent on effectuating the distribution as soon as it may do so in compliance with federal securities laws and appropriate regulatory approval.

The record date for the spin-off and distribution of shares of common stock, par value $0.0001 per share, of SRM Entertainment, Inc. (SRM), currently a majority-owned subsidiary of the Company, has been set for July 7, 2023 (the Record Date) Stockholders of Jupiter Wellness and holders of certain warrants issued in the Companys public offering in July 2021 ( the Warrants) will receive one share SRm Common Stock, for every 19.35 shares. The distribution is expected to paid on or about July 12,2023, subject to SRMs Registration Statement on Form S-1, being declared effective by the SEC.