GunBroker.com

AMMO, Inc. to Host Ribbon Cutting Ceremony for the Opening of State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, WI

Retrieved on: 
Thursday, September 15, 2022
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The ceremony is open to the public.

Key Points: 
  • The ceremony is open to the public.
  • When: Thursday, September 22 at 12:00 p.m. CDT.
  • Media: We will offer a limited number of facility tours to credentialed media members following the ceremony.
  • Please email Victoria Welch [email protected] by September 15th if you would like to participate in one of the limited tours.

Shadow Warriors Project Receives 1-of-1 Rifle Donation From Henry Repeating Arms for Private Military Contractor Support

Retrieved on: 
Friday, September 9, 2022
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All proceeds from the winning bid are being presented directly to the Shadow Warriors Project.

Key Points: 
  • All proceeds from the winning bid are being presented directly to the Shadow Warriors Project.
  • "Words cannot express how grateful we are for this gift from Henry Repeating Arms.
  • The rifle is the most stunning I have ever seen and way above and beyond what I could ever imagine," said Mark "Oz" Geist, Shadow Warriors Project co-founder.
  • Shadow Warriors Project is a 501c3 tax-exempt organization dedicated to the support of private military security contractors, conducting paramilitary security operations in some of the world's most dangerous areas.

One-of-a-Kind Henry Rifle Heads to Auction for Shadow Warriors Project

Retrieved on: 
Tuesday, September 6, 2022
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RICE LAKE, Wis., Sept. 6, 2022 /PRNewswire/ -- Henry Repeating Arms, one of the country's leading firearm manufacturers, is proud to announce its latest Guns For Great Causes campaign with the donation of a one-of-a-kind New Original Henry Rifle to benefit the Shadow Warriors Project, co-founded by speaker, best-selling author, and former private military security contractor, Mark "Oz" Geist. The ornately engraved firearm is currently up for auction on Gunbroker.com, with 100% of the proceeds from the winning bid going directly to funding Shadow Warrior Project's endeavors. Early estimates suggest the auction could exceed $50,000.

Key Points: 
  • The ornately engraved firearm is currently up for auction on Gunbroker.com, with 100% of the proceeds from the winning bid going directly to funding Shadow Warrior Project's endeavors.
  • We pulled out all the stops for this rifle, so now my fingers are crossed for an auction record."
  • Henry Repeating Arms is donating one of the most exclusive rifles ever built in the company's history, a custom 1-of-1 Shadow Warriors Project edition New Original Henry Rifle featuring hand-chased engraving and rare exhibition-grade American walnut furniture.
  • The rifle bears the Shadow Warriors Project emblem on one side of the hardened brass receiver, the Seal of the President of the United States on the opposite, and a unique custom "SW911" serial number.

AMMO Inc. Announces that Steven Urvan and Susan Lokey Have Been Placed on Administrative Leave

Retrieved on: 
Tuesday, September 6, 2022
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SCOTTSDALE, Ariz., Sept. 06, 2022 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that Steven Urvan, Chief Strategy Officer, and Susan Lokey, Chief Financial Officer of SpeedLight I, LLC d/b/a GunBroker.com, have been placed on administrative leave with immediate effect.

Key Points: 
  • The Companys board of directors has formed a special committee (the Special Committee) in connection with the conduct of Mr. Urvan.
  • The Special Committee issued the following statement:
    We are deeply concerned by the preliminary results of our investigation to date.
  • We are committed to ensuring that all aspects of the Companys business are conducted with integrity, transparency and oversight.
  • Mr. Urvan was aware of our concerns and our prior attempts to investigate and discern more information.

AMMO, Inc. Announces Sept. 22 Ribbon Cutting Ceremony for the Opening of State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, WI

Retrieved on: 
Thursday, September 1, 2022
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The Company currently employs over 300 people in Manitowoc and is currently projecting to add another 100 team members over the next year.

Key Points: 
  • The Company currently employs over 300 people in Manitowoc and is currently projecting to add another 100 team members over the next year.
  • We are pleased to bring on-line and on time our world-class manufacturing Plant, representing the art of the possible in ammunition and munition components manufacturing.
  • I couldnt be prouder of the entire AMMO team responsible for bringing this project across the goal line.
  • 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.

AMMO, Inc. Comments on Letter from The Urvan Group

Retrieved on: 
Monday, August 29, 2022
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We disagree with many of the assertions and analysis contained in the public comments from Mr. Urvan and will be providing additional information for our shareholders in coming days and weeks.

Key Points: 
  • We disagree with many of the assertions and analysis contained in the public comments from Mr. Urvan and will be providing additional information for our shareholders in coming days and weeks.
  • In the meantime, the Board and management team remain committed to ensuring AMMO is operated for the benefit of all its shareholders.
  • We continue to invite all shareholders and other stakeholders to share with us their views and perspectives on these topics.
  • The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry.

AMMO, Inc. CEO Provides Letter to Shareholders Highlighting the Separation of Its Ammunition and Marketplace Segments into Two Independent Publicly Traded Companies

Retrieved on: 
Thursday, August 25, 2022
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We have received tremendous support for our plan to separate the Ammunition and Marketplace units of our business into two independently operated, publicly traded companies.

Key Points: 
  • We have received tremendous support for our plan to separate the Ammunition and Marketplace units of our business into two independently operated, publicly traded companies.
  • I will then review the strategy behind the separation, concluding with milestones that we can expect during the process.
  • As you recall, AMMO as we know it will spin off its Ammunition business through a tax-free transaction resulting in two entities.
  • The first, Outdoor Online, Inc. (Outdoor Online), will be comprised of GunBroker.com and its related online businesses.

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, August 19, 2022
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The cash dividend will be paid on September 15, 2022.

Key Points: 
  • The cash dividend will be paid on September 15, 2022.
  • The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry.
  • AMMO promotes its own branded munitions, including its patented STREAK Visual Ammunition, /stelTH/ subsonic munitions, and armor piercing rounds for military use.
  • Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items.

AMMO, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, August 15, 2022
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AMMO continued to show strong momentum in both our ammunition and marketplace divisions in the first quarter of Fiscal 2023, as revenue increased 37% from the first quarter of Fiscal 2022.

Key Points: 
  • AMMO continued to show strong momentum in both our ammunition and marketplace divisions in the first quarter of Fiscal 2023, as revenue increased 37% from the first quarter of Fiscal 2022.
  • Management will host a conference call to discuss the Companys Fiscal first quarter 2023 results at 5:00 p.m.
  • When requested, please ask for AMMO, Inc. First Quarter 2023 Conference Call.
  • 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 Reports filed on Form 8-K.

AMMO, Inc. Announces Plan to Separate Ammunition and Marketplace Businesses into Two Independent Publicly Traded Companies

Retrieved on: 
Monday, August 15, 2022
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Outdoor Online, Inc. (Outdoor Online) will be comprised of GunBroker.com and its related online businesses.

Key Points: 
  • Outdoor Online, Inc. (Outdoor Online) will be comprised of GunBroker.com and its related online businesses.
  • The Company expects to create these companies through a tax-free spin-off by AMMO of AOS.
  • As independent and separate companies, AMMO expects each will be better situated to be appropriately valued by the market.
  • The distribution is intended to be tax-free to both companies and their shareholders for U.S. federal income tax purposes.