The Urvan Group Issues Statement Regarding AMMO Inc.
August 30 2022 - 4:30PM
Business Wire
Steven Urvan (together with the other participants in his
solicitation, the “Urvan Group” or “we”), who owns approximately
17.1% of the outstanding common shares of AMMO, Inc. (NASDAQ: POWW)
(“AMMO” or the “Company”), today issued the following statement
following its nomination of seven highly qualified candidates for
election to the Company’s Board of Directors (the “Board”) at the
2022 Annual Meeting of Shareholders (the “Annual Meeting”):
“We appreciate the positive feedback that has been proactively
provided to us by our fellow shareholders. We also appreciate that
the Company’s August 29th press release invited ‘all shareholders’
to articulate their views and perspectives. Given the Company’s
finite resources and modest market capitalization, we hope
leadership focuses on efficiently evaluating investor sentiment –
not spending shareholders’ precious capital on a defensive and
reactionary campaign. Likewise, we urge leadership to avoid any
action or transaction that dilutes shareholders ahead of the Annual
Meeting. Please trust that the Urvan Group is committed to
continuing to advocate for all shareholders’ best interests and
pursuing a value-enhancing transformation of AMMO in the public
market.”
Visit www.TheUrvanGroup.com for more information and to receive
frequent updates.
Certain Information Concerning the
Participants
The Urvan Group intends to file a preliminary proxy statement
and accompanying GREEN Universal proxy card with the Securities and
Exchange Commission to be used to solicit votes for the election of
its slate of highly-qualified director nominees at AMMO’s 2022
Annual Meeting.
THE URVAN GROUP STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY
TO READ THE SOLICITATION STATEMENT AND OTHER PROXY MATERIALS AS
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON
THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE
PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE
SOLICITATION STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON
REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE
PARTICIPANTS' PROXY SOLICITOR.
The participants in the solicitation are anticipated to be Gregg
Alper, Darren Farber, William L. Fraim, Susan T. Lokey, Christos
Tsentas, Steven F. Urvan and Wayne R. Walker.
As of the date hereof, Mr. Urvan directly owns 20,040,000 shares
of common stock, par value $0.001 per share, of the Company (the
“Common Stock”). As of the date hereof, Ms. Lokey directly owns
40,000 shares of Common Stock. As of the date hereof, none of
Messrs. Alper, Farber, Fraim, Tsentas, or Walker beneficially owns
any shares of Common Stock.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220830005982/en/
Saratoga Proxy Consulting John Ferguson / Joe Mills,
212-257-1311 info@saratogaproxy.com or Longacre Square Partners
Greg Marose / Charlotte Kiaie, 646-386-0091
gmarose@longacresquare.com / ckiaie@longacresquare.com
AMMO (NASDAQ:POWW)
Historical Stock Chart
From Apr 2024 to May 2024
AMMO (NASDAQ:POWW)
Historical Stock Chart
From May 2023 to May 2024