AMMO, Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock - POWWP STOCK NEWS

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.

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.

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. reports results for Q1 fiscal 2023, showing a 36.6% increase in net revenues to $60.8 million. Gross profit margin is approximately 29.8%. GunBroker.com marketplace revenue reaches $16.5 million with new user growth and increased take rate. The company reiterates its guidance for FY 2023 with projected revenues of $300 million to $310 million and adjusted EBITDA of $108 million to $111 million.

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.