Lucosky Brookman Represents Ammo, Inc. in Offering of Perpetual Preferred Stock
Lucosky Brookman LLP is pleased to share that on May 27, 2021 its client Ammo, Inc., (NASDAQ: POWW) consummated a firm commitment public offering of 138,220 newly issued shares of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock at a public offering price of $25.00 per share. Lucosky Brookman acted as corporate and securities legal counsel to the Company.
The gross proceeds to Ammo, Inc. from the sale, before deducting expenses, were $3,455,500. Ammo, Inc. will use the net proceeds from this offering to fund organic growth initiatives and general corporate purposes.
The shares of Series A Preferred Stock sold by Ammo, Inc. has been registered pursuant to a registration statement on Form S-3 (File No. 333-253192), which the Securities and Exchange Commission declared effective on February 24, 2021. A final prospectus supplement and accompanying base prospectus relating to the offering were filed with the Commission on May 25, 2021.