AMMO, INC. Faces Delisting Concerns

TL;DR

AMMO might get kicked off Nasdaq due to low stock price.

AI Summary

On November 20, 2024, AMMO, INC. filed an 8-K report detailing a notice of delisting or failure to satisfy a continued listing rule. The company is addressing its compliance with Nasdaq's minimum bid price requirement, which it previously failed to meet.

Why It Matters

This filing indicates potential delisting from the Nasdaq, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — Failure to meet listing requirements like minimum bid price can lead to delisting, severely impacting the stock.

Key Players & Entities

• AMMO, INC. (company) — Registrant
• November 20, 2024 (date) — Date of earliest event reported
• Nasdaq (company) — Listing Exchange

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value POWW The Nasdaq Stock Mar

Filing Documents

• form8-k.htm (8-K) — 50KB
• ex99-1.htm (EX-99.1) — 16KB
• ex99-1_001.jpg (GRAPHIC) — 27KB
• 0001493152-24-047729.txt ( ) — 327KB
• poww-20241120.xsd (EX-101.SCH) — 4KB
• poww-20241120_def.xml (EX-101.DEF) — 29KB
• poww-20241120_lab.xml (EX-101.LAB) — 36KB
• poww-20241120_pre.xml (EX-101.PRE) — 26KB
• form8-k_htm.xml (XML) — 6KB

01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 20, 2024, AMMO, Inc. (the "Company") received a deficiency notification letter (the "Notice") from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the "SEC") on November 13, 2024 (the "Form 12b-25"). The Listing Rule requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. As reported in the Form 12b-25, the Form 10-Q cannot be filed within the prescribed time period without unreasonable effort or expense as a result of the ongoing independent investigation (the "Investigation") conducted by a law firm retained by a Special Committee of the Board of Directors of the Company. The Company has until January 21, 2025, to submit a plan to regain compliance with the Listing Rule (the "Plan"). The Company intends to timely submit the Plan, if necessary. Pursuant to the Notice, if Nasdaq accepts the Plan, Nasdaq has the discretion to grant the Company an exception of up to 180 calendar days (the "Compliance Period") from the due date of the Form 10-Q, or until May 19, 2025, to regain compliance with the Listing Rule. While the Company cannot provide specific timing regarding the filing of the Form 10-Q, the Company continues to work diligently to complete the Form 10-Q and intends to file the Form 10-Q as soon as practicable to regain compliance with the Listing Rule within the Compliance Period. No assurance can be given that the Company will be able to regain compliance with the List

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On November 26, 2024, the Company issued a press release disclosing receipt of the Notice. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release (furnished pursuant to Item 7.01). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMMO, INC. Dated: November 26, 2024 By: /s/ Jared R. Smith Jared R. Smith Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR