AMMO, Inc. Announces Sale of Ammunition Manufacturing Assets to Olin Winchester
SCOTTSDALE, Ariz., January 21, 2025--AMMO, Inc. (Nasdaq: POWW, POWWP) ("AMMO," "we," "us," "our" or the "Company"), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced it has entered into a definitive agreement to sell its ammunition manufacturing assets to Olin Winchester, LLC ("Olin Winchester"), a subsidiary of Olin Corporation (NYSE: OLN) ("Olin"), for total cash consideration of $75 million, subject to customary adjustments.