AMMO says prior financial statements (FY2021-2024) can no longer be relied upon; investigation ongoing

Outdoor Holding Co

Auditor PKF requested non-reliance on FY2021-2024 financial statements and audit reports.
Special Committee investigating potential mischaracterization of fees, related-party disclosures, and stock award valuation.
Investigation ongoing; no quantification of corrections yet; material weakness in internal controls concluded.
Management determined disclosure controls ineffective; remediation efforts underway.

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