AMMO acknowledges lawsuit from director Urvan over GunBroker.com acquisition

Outdoor Holding Co

Director Steve Urvan filed suit in Delaware Court of Chancery on April 28, 2023.
Urvan claims he was fraudulently induced to sell GunBroker.com to AMMO over two years ago.
He seeks partial rescission of the transaction and monetary damages.
AMMO and individual defendants believe claims are meritless and plan to vigorously defend.
Urvan previously launched a proxy contest in August 2022, settled in November 2022.

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