QualityStocksNewsBreaks – AMMO Inc. (NASDAQ: POWW) Closes on $115M Public Offering
AMMO (NASDAQ: POWW), a premier American ammunition and munition components manufacturer and technology leader, has closed on a previously underwritten public offering. The offering comprised of 23 million shares of common stock; that total includes 3 million shares that the company offered pursuant to the full exercise of the overallotment option granted to the underwriters. Sold at the public offering price of $5 per share, the public sharing resulted in gross proceeds of $115 million for AMMO. In the announcement, the company noted that it plans to use the proceeds from the offering potential acquisitions or general corporate and working…
