By Marisa Wong
Los Angeles, May 21 – Ammo Corp. priced $27.43 million of 8.75% $25-par series A cumulative redeemable preferred stock at par, according to a 424B5 filing with the Securities and Exchange Commission.
There is a $4,114,500 greenshoe.
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 18, 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.
| Issuer: | Ammo Corp.
|
| Issue: | Series A cumulative redeemable preferred stock
|
| Amount: | $27.43 million, or 1,097,200 shares
|
| Greenshoe: | $4,114,500, or 164,580 shares
|
| Maturity: | Perpetual
|
| Bookrunners: | Alexander Capital, LP, Network 1 Financial Securities Inc. and Paulson Investment Co.
|
| Dividend: | 8.75%
|
| Price: | Par of $25.00
|
| Yield: | 8.75%
|
| Call option: | In whole or in part at par at any time beginning on May 18, 2026 and upon a change of control
|
| Pricing date: | May 19
|
| Settlement date: | May 21
|
| Listing date: | May 21
|
| Listing: | Nasdaq Capital Market: POWWP
|
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