Outdoor Holding Company Stock Price, News & Analysis

The Urvan Group, representing 17.1% of AMMO, Inc. (NASDAQ: POWW) shares, has nominated seven candidates for the Board of Directors ahead of the 2022 Annual Meeting. They emphasize the need for efficient evaluation of shareholder sentiment and advise against actions that could dilute shareholder value. A preliminary proxy statement will be filed with the SEC, urging shareholders to review this and other proxy materials for important information regarding the nomination process.

AMMO, Inc. (Nasdaq: POWW, POWWP) addressed recent comments by Steve Urvan, emphasizing its commitment to long-term shareholder value. The company's Board disagrees with Urvan's assertions and plans to share more information soon. AMMO, known for producing advanced ammunition and owning GunBroker.com, which is the largest online firearms marketplace, is dedicated to operational excellence for its shareholders. Legal advisors Sidley Austin LLP and Lucosky Brookman LLP are assisting in these matters.

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced plans to separate its Ammunition and Marketplace segments into two independent publicly traded companies, Outdoor Online and Action Outdoor Sports. This tax-free transaction aims to enhance shareholder value by allowing both entities to focus on their distinct business models. Shareholders will retain full shares in Outdoor Online and receive shares in AOS proportionate to their ownership in POWW. Key milestones include the completion of audits, asset transfers, and SEC filings, which are expected to unfold in early 2023.

AMMO, Inc. (Nasdaq: POWW, POWWP) has declared a cash dividend of $0.55902778 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock as of August 31, 2022. The dividend will be paid on September 15, 2022. This announcement reinforces AMMO's commitment to providing returns to its investors while operating as a leading firearms marketplace through GunBroker.com and a manufacturer of high-performance ammunition. The company was founded in 2016 and aims to innovate the munitions industry.

AMMO, Inc. (NASDAQ: POWW, POWWP) has announced a plan to separate its ammunition and marketplace divisions into two independent companies. Outdoor Online, Inc. will contain GunBroker.com and related operations, while Action Outdoor Sports, Inc. will focus on ammunition and components. Fred Wagenhals will serve as CEO of Outdoor Online. The separation is set to be completed in 2023 and is expected to enhance shareholder value, streamline capital allocation, and attract top industry talent. The transaction will be structured as a tax-free spin-off.

AMMO, Inc. (Nasdaq: POWW, POWWP) will release its fiscal Q1 2023 financial results after market close on August 15, 2022. This period ended June 30, 2022. A conference call for investors is scheduled for the same day at 5:00 PM EDT. The call will be accessible via phone or an audio-only webcast. AMMO, known for its high-performance ammunition and the ownership of GunBroker.com, aims to innovate within the munitions industry, particularly with products designed for law enforcement and military use.

AMMO, Inc. has unveiled a state-of-the-art manufacturing facility in Wisconsin on July 18, 2022, which spans 185,000 sq. ft. This facility supports the production of the new Green Streak™ ammunition, featuring patented one-way luminescent technology (O.W.L. Technology™). This innovative ammunition enhances visibility for shooters while remaining undetectable from targets, solving issues related to flammable tracers. The Green variant aims to meet demands in commercial and military markets, building on the success of the existing Red Streak™ ammunition.

AMMO, Inc. (Nasdaq: POWW, POWWP) has engaged CORE IR to enhance its investor relations and shareholder communications. This strategic partnership aims to boost market awareness and communicate AMMO's growth strategies effectively to potential institutional and retail investors. Fred Wagenhals, Chairman and CEO, expressed confidence that CORE IR's approach will help broaden investor engagement and support the company's growth trajectory. CORE IR specializes in tailored strategies for small to mid-sized companies, promising effective outreach and investor engagement.