AMMO Inc | 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP)
Prospectus excerpt: We are offering 1,097,200 shares of our 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, which we refer to as the Series A Preferred Stock. Dividends on the Series A Preferred Stock offered hereby are cumulative from May 21, 2021 and will be payable on a quarterly basis on the fifteenth day of each of March, June, September, and December, when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 8.75% per annum per $25.00 of stated liquidation preference per share, or $2.1875 per share of Series A Preferred Stock per year.
AMMO is a conglomerate in the shooting sports industry. Co. operates its business within two operating segments: Ammunition, which consists of Co.'s manufacturing business; and Marketplace, which consists of the GunBroker.com Ecommerce marketplace. The Ammunition segment engages in the design, production and marketing of ammunition, ammunition component and related products. Co. manufactures small arms ammunition and their components. GunBroker.com is an online marketplace focused on firearms, hunting, shooting and related products. In its role as an auction site, GunBroker.com supports the lawful sale of firearms, ammunition and hunting/shooting accessories.
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