Current Report Filing (8-k)
January 29 2019 - 4:45PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
January 23, 2019
AMMO,
Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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001-13101
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83-1950534
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
Number)
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7681
E. Gray Rd.
Scottsdale,
Arizona 85260
(Address
of principal executive offices)
480-947-0001
(Registrant’s
telephone number)
Check
the appropriate box below if the Form 8 -K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
AMMO,
INC.
Form
8-K
Current
Report
ITEM
1.01
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Entry
into a Material Definitive Agreement
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On
January 14, 2019, the company previously reported that on January 11, 2019 Enlight Group II, LLC (hereinafter referred to as the
“Buyer”), a wholly owned subsidiary of Ammo, Inc., a Delaware corporation, entered into Binding Letter of Intent with
the JAGEMANN STAMPING COMPANY, a Wisconsin corporation (hereinafter referred to as the “Seller”).
On
January 23, 2019, Buyer executed a definitive Asset Purchase Agreement whereby the Buyer will acquire 100% of all the assets of
Seller’s ammunition casing and projectile manufacturing and sales operations. Buyer will pay a combination of $15,400,000
in cash and 1,000,000 shares of AMMO, Inc. Common Stock for 51% of the assets and Seller will contribute 49% of the assets to
Buyer. The parties expect to complete the transaction on or before March 31, 2019.
Seller
is engaged exclusively in the business of full-service stamping involving, among other things, the manufacture and sale of deep
drawn stampings for use in the ammunition casing and projectile industries.
ITEM
9.01
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Financial
Statements and Exhibits
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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.
Dated:
January 29, 2019
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AMMO,
INC.
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By:
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/s/
Fred W. Wagenhals
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Fred
W. Wagenhals
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Chief
Executive Officer
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