Welcome to our dedicated page for Outdoor Holding Company news (Ticker: POWW), a resource for investors and traders seeking the latest updates and insights on Outdoor Holding Company stock.
Outdoor Holding Company (NASDAQ: POWW, POWWP) is the publicly traded parent and operator of GunBroker.com, which it describes as the largest online marketplace dedicated to firearms, hunting, shooting and related products. News about Outdoor Holding Company frequently centers on the performance and evolution of this pure-play e-commerce marketplace, as well as on corporate governance, capital allocation and regulatory developments.
Investors following POWW news can expect regular earnings announcements and related conference call details, where management discusses financial results, operational highlights and progress on its marketplace-focused strategy. Recent releases have covered quarterly results, the company’s transition to an asset-light, marketplace-only model after the sale of its ammunition manufacturing business, and updates on cost discipline, platform enhancements and marketplace metrics.
Company news also includes disclosures about share repurchase authorizations, preferred stock dividends on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, and matters related to Nasdaq listing compliance. Governance and regulatory items, such as the settlement of an SEC investigation and the engagement of an outside compliance consultant, are communicated through press releases and associated SEC filings and can be tracked through this news feed.
Operational and legal developments affecting GunBroker.com are another key focus of Outdoor Holding Company news. The company has reported on court decisions confirming GunBroker.com’s status as an online marketplace and validating its intellectual property protection policies, as well as on corporate actions like relocating its headquarters to Atlanta, Georgia to align with its primary operating site. For investors, analysts and observers interested in the firearms and outdoor e-commerce space, the POWW news page provides a centralized view of these financial, legal and operational updates.
AMMO, Inc. (NASDAQ: POWW, POWWP) announced plans to separate its manufacturing and marketplace operations into two distinct public companies. Shareholders of AMMO will receive shares in both Outdoor Online, Inc. (which includes GunBroker.com) and Action Outdoor Sports, Inc. (the current ammunition business) upon completion of the separation. This strategic move aims to enhance operational focus and maximize shareholder value. The company promotes innovative products in law enforcement, military, and shooting sports.
AMMO, Inc. (Nasdaq: POWW, POWWP) has expanded its distribution of loaded ammunition, including STREAK™ Visual Ammunition, to 440 retail stores in the U.S. in the first two quarters of the fiscal year. CEO Fred Wagenhals noted that rising demand in the commercial market is driving this growth, which is vital for brand development. Additionally, the company anticipates strong interest in its advanced ammunition from military and law enforcement sectors, identifying this area as a key growth driver for fiscal 2023.
The Urvan Group, owning 17.1% of AMMO's shares, advocates for a timely Annual Meeting this fall, emphasizing shareholder democracy. They have nominated seven director candidates with expertise in governance and ecommerce. Steven Urvan urges independent board members to prioritize shareholder interests over defensive tactics that could waste capital. He stresses transparency and accountability, reminding board members of their fiduciary duties. The group aims to strengthen AMMO's leadership and governance, asserting that their actions will benefit shareholders in the long term.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a ribbon-cutting ceremony for its new 185,000 square foot production facility in Manitowoc, Wisconsin, on September 22, 2022, at 12:00 p.m. CDT. The event is open to the public and will feature remarks from local officials, including Manitowoc Mayor Justin Nickels and CEO Fred Wagenhals. Credentialed media members can participate in limited facility tours following the ceremony. Interested media should contact Victoria Welch by September 15. More details are available in the media kit.
AMMO, Inc. (Nasdaq: POWW, POWWP) has suspended Steven Urvan and Susan Lokey amid an internal investigation into potential misconduct regarding the misappropriation of company data and digital assets. These actions have been taken to protect the company's integrity while the Special Committee investigates the situation, which could impact accountability and governance. While the company does not foresee any financial repercussions from the investigation, there are concerns regarding Urvan’s recent proxy contest aimed at replacing the Board, which may be an attempt to undermine the investigation.
AMMO, Inc. (Nasdaq: POWW, POWWP) announces a ribbon-cutting ceremony for its new 185,000-square-foot production facility in Manitowoc, Wisconsin, scheduled for September 22, 2022. The event will feature local officials and AMMO's senior management team. This facility aims to enhance production capacity to meet increasing demand for ammunition, with future plans to hire an additional 100 employees. CEO Fred Wagenhals highlighted the plant's role in improving efficiency and supporting a projected increase in ammunition production to one billion rounds.
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.
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