AMMO sells ammunition manufacturing assets to Olin-Winchester for $75M cash; focuses on GunBroker.com

Outdoor Holding Co

Sale includes 185,000 sq ft production facility and ballistic range in Manitowoc, WI; expected close Q2 2025.
Transaction approved unanimously by AMMO Board; Baird advised AMMO, Lake Street provided fairness opinion.
Company to rebrand and change corporate name post-closing; will operate only GunBroker.com marketplace.
Company provides update: independent investigation into FY2020-2023 accounting matters is in final stages; expects to update financial statements in Q1 2025.
AMMO will retain $75M cash consideration, strengthen balance sheet and focus on profitable e-commerce growth.

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