AMMO settles Triton litigation for $8M cash and cancellation of 2.86M shares

Outdoor Holding Co

Settlement resolves case Triton Value Partners v. TVP Investments in Cobb County Superior Court.
AMMO to pay $8M to plaintiffs within 45 days; funded on behalf of Gunbroker subsidiaries.
AMMO to cancel 2,857,143 Urvan shares as part of settlement; Urvan may elect cash payment instead.
Mutual releases granted, but AMMO and Urvan retain claims in ongoing Delaware litigation.
Settlement avoids further litigation costs and resolves all claims among plaintiffs and defendants.

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