Outdoor Holding Co (POWW): Nasdaq/NYSE listing notice — AMMO receives Nasdaq deficiency for late 10-Q; restates FY 2018-2020 results

On February 24, 2025, the Audit Committee, after consultation with the Company’s management and its accounting advisors and consultants, concluded that the previously reported financial statements as of and for (i) the years ended March 31, 2020, 2019 and 2018 and December 31, 2017, (ii) all interim periods within such years and (iii) the transition period (the “ Transition Period ”) from January 1, 2018 to March 31, 2018 (collectively, the “ Prior Periods ”), including the auditors’ reports on the financial statements for all fiscal years within the Prior Periods and the Transition Period (collectively, the “ Prior Period Financial Statements ”), should no longer be relied upon due to errors in such financial statements

February 19, 2025, the Company received an additional deficiency notification letter (the “ Notice ”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“ Nasdaq ”). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Listing Rule ”) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2024 (the “ Form 10-Q ”), as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “ SEC ”) on F