---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-014364"
form_type: "8-K"
ticker: "POWW"
cik: "0001015383"
company_name: "Outdoor Holding Co"
filed_at: "2025-09-22T23:59:59+00:00"
generated_at: "2026-05-17T05:56:18.477485+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Outdoor Holding issues warrant for 13M shares; $39M note extinguished in settlement step

## Summary
- On Sept 17, 2025, independent directors approved prepayment option to settle $39M unsecured promissory note (4.62% interest) by issuing a warrant for 13M common shares.
- Warrant issued to GDI Air III LLC (Urvan designee); stockholder approval obtained at Aug 29, 2025 annual meeting per Nasdaq Listing Rule 5635.
- Note obligations fully satisfied upon warrant issuance; note originated from May 2025 settlement agreement with Steven F. Urvan and former board members.
- Prepayment option exercised prior to May 30, 2026 deadline; warrant shares rely on Section 4(a)(2) and Regulation D exemption.

## SEC filing metadata
- accession: 0001493152-25-014364
- form_type: 8-K
- ticker: POWW
- cik: 0001015383
- company_name: Outdoor Holding Co
- filed_at: 2025-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015383/000149315225014364/0001493152-25-014364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015383/000149315225014364/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014364
- JSON: https://secwatch.observer/filing/0001493152-25-014364.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014364.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.