AMMO Inc. (POWW) announces proposed public offering of common stock

AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, today announced that it intends to offer and sell newly issued shares of its common stock in an underwritten public offering. AMMO is expected to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock sold by AMMO in connection with the offering.

AMMO intends to use the net proceeds from this offering for general corporate purposes and working capital purposes, including debt reduction and capital expenditures. In addition, AMMO may use a portion of the proceeds for potential acquisitions.

Roth Capital Partners and Alexander Capital are acting as joint book-running managers for the offering. The offering is subject to market and other conditions. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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