M&A - AMMO, INC.

Form Type: 10-K

Filing Date: 2025-06-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025086893

Filing Summary: Outdoor Holding Company, which operates GunBroker and an ammunition segment, underwent a significant organizational change during the fiscal year ended March 31, 2025. The company, having initiated a review of strategic alternatives, decided to sell its Ammunition segment due to a competitive bidding process. On January 20, 2025, an Asset Purchase Agreement was finalized with Olin Winchester, LLC for a total purchase price of $75 million. The acquisition involved all assets and certain liabilities related to the Ammunition Manufacturing Business, which subsequently closed on April 18, 2025. This transaction resulted in net proceeds of approximately $42.9 million for the company. Following the sale, the company rebranded from "AMMO, Inc." to "Outdoor Holding Company" and continued to focus on its Marketplace operations. The Marketplace allows approximately 8.4 million users to engage in compliant firearm transactions through licensed dealers and aids in tracking sales trends within the outdoor sports market. Enhancements were made to the marketplace platform to improve user engagement and streamline transactions, reflecting ongoing priorities in customer satisfaction and growth strategy.

Form Type: 10-Q/A

Filing Date: 2025-05-27

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025077262

Filing Summary: On April 18, 2025, Outdoor Holding Company, through its subsidiaries, completed the sale of its ammunition manufacturing business to Olin Winchester, LLC for a gross purchase price of $75 million. This acquisition included the transfer of related assets and certain liabilities associated with the ammunition manufacturing operations. The assets included the manufacturing facility in Manitowoc, Wisconsin. Following the transaction, the company shifted focus to its online marketplace operations under the new name "Outdoor Holding Company", previously known as AMMO, Inc. The filing serves as an amendment to correct errors in the management's financial discussion from the quarterly report originally filed on May 20, 2024. This amendment strictly addresses the corrections in financial metrics; no revisions to the financial statements themselves are included. An updated certification from key executives accompanies this filing as required by regulations.

Form Type: 8-K

Filing Date: 2025-01-21

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225002903

Filing Summary: On January 20, 2025, AMMO, Inc. entered into an Asset Purchase Agreement with Olin Winchester, LLC for the acquisition of all assets related to the Sellers’ Ammunition Manufacturing Business for a purchase price of $75 million. The transaction includes the assumption of certain liabilities and the acquisition of a dedicated manufacturing facility in Manitowoc, Wisconsin. The closing is subject to customary conditions, and upon closing, AMMO, Inc. will retain its GunBroker Business. The agreement also contains covenants regarding non-solicitation and non-competition for a duration of five years. A press release was issued on January 21, 2025, announcing the execution of the Purchase Agreement. The Purchase Agreement includes customary representations, warranties, indemnifications, and provisions for termination if the deal does not close by July 1, 2025.