Outdoor Holding Company Regains Full Compliance with Nasdaq Rule Following Successful Annual Stockholder Meeting
Outdoor Holding Company (NASDAQ: POWW), owner of GunBroker.com, has successfully regained compliance with Nasdaq Listing Rule 5620(a) following its 2025 Annual Meeting of Stockholders held on August 29, 2025. The company had received deficiency notices over the past 9 months.
At the meeting, stockholders approved several key measures including: the election of five directors through 2026, ratification of the accounting firm, approval of the 2025 Long-Term Incentive Plan, a warrant share issuance, and authorization for a potential reverse stock split at a ratio between 1-for-5 to 1-for-10.
CEO Steve Urvan emphasized that with improved corporate processes and governance, along with a new board of seasoned veterans, the company will focus on accelerating growth in its core online firearms marketplace business.
Outdoor Holding Company (NASDAQ: POWW), proprietaria di GunBroker.com, ha riconquistato la conformità alla Regola di quotazione Nasdaq 5620(a) a seguito della sua Assemblea Annuale degli Azionisti 2025 tenutasi il 29 agosto 2025. L'azienda aveva ricevuto avvisi di non conformità negli ultimi 9 mesi.
Durante l'assemblea, gli azionisti hanno approvato diverse misure chiave, tra cui: l'elezione di cinque amministratori fino al 2026, la ratifica della società di revisione contabile, l'approvazione del Piano di Incentivi a Lungo Termine 2025, l'emissione di azioni a seguito di warrant e l'autorizzazione a un eventuale reverse stock split con rapporto compreso tra 1-per-5 e 1-per-10.
Il CEO Steve Urvan ha sottolineato che, grazie a processi aziendali e di governance migliorati e a un nuovo consiglio composto da dirigenti esperti, la società si concentrerà sull'accelerazione della crescita nel suo core business: il mercato online di armi da fuoco.
Outdoor Holding Company (NASDAQ: POWW), propietaria de GunBroker.com, ha recuperado el cumplimiento de la Norma de Listado Nasdaq 5620(a) tras su Junta Anual de Accionistas 2025 celebrada el 29 de agosto de 2025. La compañía había recibido avisos de incumplimiento durante los últimos 9 meses.
En la junta, los accionistas aprobaron varias medidas clave, incluyendo: la elección de cinco directores hasta 2026, la ratificación de la firma de auditoría, la aprobación del Plan de Incentivos a Largo Plazo 2025, la emisión de acciones ligada a warrants y la autorización para una posible reverse stock split en una proporción de entre 1 por 5 y 1 por 10.
El CEO Steve Urvan enfatizó que, con procesos corporativos y de gobernanza mejorados y un nuevo consejo integrado por veteranos experimentados, la compañía se enfocará en acelerar el crecimiento de su negocio principal: el mercado en línea de armas de fuego.
Outdoor Holding Company (NASDAQ: POWW), GunBroker.com의 소유주,는 2025년 8월 29일 개최된 2025년 주주총회 이후 Nasdaq 상장규정 5620(a) 준수를 성공적으로 회복했습니다. 이 회사는 지난 9개월 동안 부적합 통지를 받은 바 있습니다.
총회에서 주주들은 2026년까지 5명의 이사 선임, 회계법인 재확정, 2025년 장기 인센티브 계획 승인, 워런트 관련 주식 발행, 그리고 1대5에서 1대10 비율 사이의 잠재적 리버스 스톡 스플릿 승인 등 주요 안건들을 통과시켰습니다.
CEO 스티브 얼반은 개선된 기업 운영 절차와 거버넌스, 그리고 경력 있는 새 이사회 구성원을 바탕으로 회사가 핵심 온라인 총기 거래 시장 사업의 성장을 가속화하는 데 주력할 것이라고 강조했습니다.
Outdoor Holding Company (NASDAQ: POWW), propriétaire de GunBroker.com, a retrouvé la conformité à la règle de cotation Nasdaq 5620(a) à la suite de son Assemblée générale annuelle 2025 tenue le 29 août 2025. La société avait reçu des avis de non-conformité au cours des 9 derniers mois.
Lors de l'assemblée, les actionnaires ont approuvé plusieurs mesures clés, notamment : l'élection de cinq administrateurs jusqu'en 2026, la ratification du cabinet d'audit, l'approbation du Plan d'incitations à long terme 2025, l'émission d'actions liée à des warrants, et l'autorisation d'une éventuelle subdivision inversée d'actions dans un rapport compris entre 1 pour 5 et 1 pour 10.
Le PDG Steve Urvan a souligné qu'avec des processus d'entreprise et une gouvernance améliorés, ainsi qu'un nouveau conseil composé de dirigeants chevronnés, la société se concentrera sur l'accélération de la croissance de son activité principale : la place de marché en ligne d'armes à feu.
Outdoor Holding Company (NASDAQ: POWW), Eigentümer von GunBroker.com, hat nach seiner Hauptversammlung 2025 am 29. August 2025 wieder die Einhaltung der Nasdaq-Listenregel 5620(a) hergestellt. Das Unternehmen hatte in den letzten 9 Monaten Mitteilungen über Mängel erhalten.
Auf der Versammlung stimmten die Aktionäre mehreren wichtigen Maßnahmen zu, darunter: die Wahl von fünf Direktoren bis 2026, die Bestätigung der Wirtschaftsprüfungsgesellschaft, die Genehmigung des Long-Term Incentive Plans 2025, die Ausgabe von Aktien im Zusammenhang mit Warrants sowie die Genehmigung einer möglichen Reverse Stock Split im Verhältnis von 1:5 bis 1:10.
CEO Steve Urvan betonte, dass das Unternehmen mit verbesserten Unternehmensprozessen und Governance sowie einem neuen Vorstand erfahrener Führungskräfte den Schwerpunkt auf die Beschleunigung des Wachstums seines Kerngeschäfts – dem Online-Marktplatz für Schusswaffen – legen werde.
- Resolution of Nasdaq compliance issues after 9 months of deficiency notices
- Implementation of improved corporate processes and governance
- Installation of new board with seasoned veterans
- Stockholder approval for strategic initiatives including reverse stock split option
- Previous 9-month period of Nasdaq listing rule deficiencies indicates governance challenges
- Potential significant share consolidation through reverse stock split suggests stock price concerns
Insights
POWW regained Nasdaq compliance after resolving 9-month regulatory issues; approved reverse stock split alongside governance improvements.
Outdoor Holding Company's announcement represents a significant regulatory milestone for the company, resolving compliance deficiencies with Nasdaq Rule 5620(a) that had persisted for over 9 months. The successful annual meeting essentially removes the delisting risk that had been hanging over the company, which is particularly meaningful given POWW's status as the owner of GunBroker.com, the largest online firearms marketplace.
The approval of a potential reverse stock split (at a ratio between 1-for-5 and 1-for-10) is particularly noteworthy. This mechanism is typically employed to boost share price when it has fallen below exchange requirements or to make shares more attractive to institutional investors. The board's discretionary window of one year suggests they're strategically timing this move rather than implementing it immediately.
Beyond compliance matters, shareholders approved several substantive governance changes, including the election of five directors through 2026, a new long-term incentive plan, and warrant share issuance. The company's characterization of having "dramatically improved internal corporate processes and governance" indicates these were areas of deficiency that required remediation.
CEO Urvan's statement focuses on transitioning to a "pure-play online marketplace" strategy, suggesting previous diversification efforts may be abandoned in favor of concentrating on their core GunBroker.com business. This strategic pivot, combined with the newly stabilized governance structure, represents a reset moment for POWW after what appears to have been a challenging period of regulatory scrutiny.
Scottsdale, Arizona, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Outdoor Holding Company (NASDAQ: POWW/POWWP) (“we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that it successfully held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) on August 29, 2025 and, as a result, regained compliance with Nasdaq Listing Rule 5620(a). At the Annual Meeting, stockholders approved all matters presented for a vote by the Company’s Board of Directors.
Chairman and Chief Executive Officer Steve Urvan said, “We are very pleased to regain full compliance with Nasdaq Listing Rule 5620(a). We received a series of deficiency notices starting over 9 months ago, and the board and management team has worked tirelessly to resolve these deficiencies. In the remediation process, we have dramatically improved our internal corporate processes and governance to position the Company for the future. Witha new board of seasoned veterans, we can now focus fully on our mission as a pure-play online marketplace for firearms and outdoor enthusiasts. Our primary mandate will be accelerating growth in our core online business and enhancing long-term stockholder value. I look forward to working with our newly elected board on achieving these goals.”
At the Annual Meeting, the Company’s stockholders approved the following matters, each of which is described in greater detail in the Company’s proxy statement filed with the Securities and Exchange Commission on July 14, 2025:
- Election of Steve F. Urvan, Christos Tsentas, Wayne Walker, Houman Akhavan, and David Douglas as directors of the Company through the 2026 annual meeting of stockholders.
- Ratification of Withum Smith & Brown, PC as our independent registered public accounting firm for the fiscal year ending March 31, 2026.
- Approval of the Outdoor Holding Company 2025 Long-Term Incentive Plan.
- Approval of the Warrant Share Issuance Proposal.
- Approval of a Reverse Stock Split of the Common Stock at a ratio in the range of 1-for-5 to 1-for-10, with the exact ratio to be determined at the discretion of the Company’s board within one year of the Annual Meeting.
- Approval, on an advisory basis, of the compensation of the Company’s named executive officer compensation.
- Approval, on an advisory basis, of the frequency of future advisory votes on named executive officer compensation in one-year intervals.
About Outdoor Holding Company
With its corporate offices headquartered in Scottsdale, Arizona, Outdoor Holding Company is a publicly traded corporation that owns and operates subsidiaries serving outdoor enthusiasts, including GunBroker.com.
About GunBroker.com
GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com.
Forward-Looking Statements
Statements contained or incorporated by reference in this press release that are not historical are considered “forward-looking statements” within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, among others, statements about the Company’s ability to satisfy Nasdaq listing standards, the Company’s ability to accelerate growth in its core online business and enhance long-term stockholder value and other statements that are not historical facts. Instead, they are based only on Company management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, the Company’s ability to maintain and expand its e-commerce business, the Company’s ability to introduce new features on its e-commerce platform that match consumer preferences, the Company’s ability to retain and grow its customer base, the impact of lawsuits, including securities class action lawsuits, stockholder derivative suits and enforcement actions by regulatory authorities, the impact of adverse economic market conditions, including from social and political factors, and the occurrence of any other event, change or other circumstances that could give rise to impacts on operating results. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, filed with the SEC on June 17, 2025, and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this press release, and except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements.
| Investor Contact: | Michael Bacal |
| mbacal@darrowir.com | |
| 917-886-9071 |
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