OUTDOOR HOLDING COMPANY RELOCATES CORPORATE HEADQUARTERS TO ATLANTA, GA
Rhea-AI Summary
Outdoor Holding Company (NASDAQ: POWW), owner of GunBroker.com, announced the relocation of its corporate headquarters from Scottsdale, Arizona to Atlanta, Georgia, effective October 1, 2025.
The strategic move aims to reduce corporate overhead and control indirect costs by decommissioning the Scottsdale facility. CEO Steve Urvan emphasized this relocation as part of broader efforts to reduce redundancies and improve corporate efficiencies, with a goal of growing Adjusted EBITDA over the next 12-18 months.
The headquarters move to GunBroker's operational site in Atlanta will involve a modest headcount reduction, with remaining Arizona-based employees transitioning to remote work. The company expects no relocation expenses from this transition.
Positive
- Cost reduction through elimination of Scottsdale facility overhead
- Improved operational efficiency by consolidating headquarters with main operations
- No relocation expenses incurred
- Enhanced cultural cohesion through centralized operations
Negative
- Reduction in workforce
- Potential short-term operational disruption during transition
News Market Reaction 1 Alert
On the day this news was published, POWWP gained 0.04%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Atlanta, Georgia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Outdoor Holding Company (NASDAQ: POWW/POWWP) (“Outdoors Online,” “we,” “us.” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, announced that effective today, it is relocating its corporate headquarters to Atlanta, Georgia from Scottsdale, Arizona. This move is part of management’s efforts to reduce corporate overhead and control indirect costs, as the Scottsdale facility will be decommissioned.
Chairman and Chief Executive Officer Steve Urvan said, “We are returning to our roots by relocating our headquarters to Atlanta, home of our GunBroker operations. This necessary action is part of my previously announced efforts to reduce redundancies, lower indirect costs, and improve corporate efficiencies as we strive to grow Adjusted EBITDA over the next 12-18 months. Relocating our headquarters to the primary operating site will improve cultural cohesion while lowering our corporate costs. This is another step in sharpening our focus to remain the largest pure-play online marketplace for firearms and outdoor enthusiasts.”
The headquarters relocation will result in a modest headcount reduction, but no relocation expenses as remaining Arizona-based team members will shift to working remotely.
About Outdoor Holding Company
With its corporate offices now headquartered in Atlanta, Georgia, Outdoor Holding Company is a publicly traded corporation that owns and operates subsidiaries serving outdoor enthusiasts, including GunBroker.
About GunBroker
GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker 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, the GunBroker.com site 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 promotes responsible ownership of firearms. For more information, please visit: www.gunbroker.com.
Forward-Looking Statements
This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.
Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports filed on Form 8-K.
Investor Contact: Michael Bacal
mbacal@darrowir.com
917-886-9071
FAQ
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