Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Ammo Corp. > News item |
Ammo to price $25-par 8.75% series A redeemable preferreds
By Rebecca Melvin
Concord, N.H., May 14 – Ammo Corp. plans to price $25-par series A cumulative redeemable preferred stock with a dividend of 8.75%, according to a 424B5 filing with the Securities and Exchange Commission.
Alexander Capital, LP is the bookrunner of the offering, and Network 1 Financial Securities Inc. and Paulson Investment Co. are also involved in the deal.
The preferreds will be callable in whole or in part at par at any time beginning in May 2026 and upon a change of control.
The company intends to list the preferreds on the Nasdaq Capital Market under the symbol “POWWP.”
Proceeds will be used to fund growth and for general corporate purposes.
The ammunition designer, producer and marketer is based in Scottsdale, Ariz.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.