In a recent turn of events, AMMO, Inc. (“AMMO” or the “Company”), listed on NASDAQ as POWW, finds itself under the microscope. The Law Offices of Howard G. Smith have announced an investigation into potential breaches of federal securities laws by the company.
The alarm bells started ringing on September 24, 2024, when AMMO made a startling announcement post-market hours. The Chief Financial Officer’s resignation, reportedly at the Board’s behest, was coupled with another revelation. The Company disclosed an ongoing independent probe into its “internal control over financial reporting for the fiscal years 2020 through 2023.”
Consequently, the aftermath was palpable – AMMO’s stock took a nosedive during after-hours trading, inevitably leaving investors nursing losses.
Should you have a stake in AMMO securities, possess pertinent information, seek clarification on the unfolding scenario, or wish to safeguard your rights and interests, reach out to Howard G. Smith, Esquire, at Law Offices of Howard G. Smith. Located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, you can ring Howard G. Smith at (215) 638-4847 or drop an email at howardsmith@howardsmithlaw.com. For further details, explore their website.
Disclosures aside, the plot thickens. This episode may very well be a watershed moment for AMMO, signaling a period of scrutiny and apprehension within its quarters.