AMMO Inc. (POWW) Prices 20M Share Common Offering at $5/Sh

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Go back to AMMO Inc. (POWW) Prices 20M Share Common Offering at $5/Sh

AMMO, INC. ANNOUNCES PRICING OF $100 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK

March 12, 2021 8:04 AM EST

SCOTTSDALE, Ariz., March 12, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW) (AMMO or the Company), a premier American ammunition and munition components manufacturer and technology leader, today announced the pricing of an underwritten public offering of 20,000,000 newly issued shares of its common stock at a price of $5.00 per share. The gross proceeds to the Company from the offering are expected to be approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. AMMO has also granted to the underwriters of the offering a 30-day option to... More