{"id":414884,"date":"2021-01-14T08:33:29","date_gmt":"2021-01-14T13:33:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414884"},"modified":"2021-01-14T08:33:29","modified_gmt":"2021-01-14T13:33:29","slug":"ammo-inc-agrees-to-repurchase-1000000-shares-for-1-5-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-agrees-to-repurchase-1000000-shares-for-1-5-million\/","title":{"rendered":"AMMO, Inc. Agrees to Repurchase 1,000,000 Shares for $1.5 Million"},"content":{"rendered":"
\n

\n SCOTTSDALE, Ariz., Jan. 14, 2021 (GLOBE NEWSWIRE) — <\/strong>AMMO, Inc. (Nasdaq: POWW ) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce that its Board of Directors has authorized the Company to enter into an agreement to repurchase 1 million shares of its common stock for $1.5 million.<\/p>\n

AMMO has exercised an existing contract right with Jagemann Stamping Company to repurchase 1 million shares of the Company\u2019s common stock (the \u201cShares\u201d) for $1.5 million ($1.50\/share) which represents approximately 2% of the Company\u2019s outstanding common shares. The Company will promptly retire the Shares upon consummation of the transaction.<\/p>\n

\u201cThe repurchase of these Shares reaffirms our optimism and confidence in the long-term future of our business,\u201d said Fred Wagenhals, AMMO\u2019s Chairman and CEO. Mr. Wagenhals further commented that \u201cwe are always mindful of the critical importance of deploying capital in a balanced manner. By repurchasing the Shares and retiring them, we will reduce shareholder dilution while further supporting the demand and share price for the benefit of our shareholders. These metrics are always of critical importance to our Board, management team and shareholders at large.\u201d<\/p>\n

\n About AMMO, Inc.<\/strong>\n <\/p>\n

With its corporate offices headquartered in Scottsdale, Arizona. AMMO, Inc. (the \u201cCompany and\/or AMMO\u201d) designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK\u2122<\/sup> Visual Ammunition, \/stelTH\/\u2122 <\/sup>subsonic munitions, and armor piercing rounds for military use. For more information please visit:\u00a0www.ammo-inc.com<\/u><\/a>.<\/u><\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

This document contains certain \u201cforward-looking statements\u201d. All statements other than statements of historical fact are \u201cforward-looking statements\u201d for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.<\/p>\n

Forward looking statements may include the words \u201cmay,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201ccontinue,\u201d \u201cbelieve,\u201d \u201cexpect\u201d or \u201canticipate\u201d or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.<\/p>\n

\n Investor Contact:<\/strong>
\n
Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
IR@ammo-inc.com<\/u><\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SCOTTSDALE, Ariz., Jan. 14, 2021 (GLOBE NEWSWIRE) — AMMO, Inc. (Nasdaq: POWW ) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce that its Board of Directors has authorized the Company to enter into an agreement to repurchase 1 million shares of its common stock for $1.5 million. AMMO has exercised an existing contract right with Jagemann Stamping Company to repurchase 1 million shares of the Company\u2019s common stock (the \u201cShares\u201d) for $1.5 million ($1.50\/share) which represents approximately 2% of the Company\u2019s outstanding common shares. The Company will promptly retire the Shares upon consummation of the transaction. \u201cThe repurchase of these Shares reaffirms our optimism and confidence in the long-term … <\/p>\n

Continue reading “AMMO, Inc. Agrees to Repurchase 1,000,000 Shares for $1.5 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414884","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMMO, Inc. Agrees to Repurchase 1,000,000 Shares for $1.5 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-agrees-to-repurchase-1000000-shares-for-1-5-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMMO, Inc. 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