North America
AMMO Shares Rise After Sale of Ammunition Manufacturing Assets
• Ammo Inc. shares rose 3.3% to $1.55 in premarket trading after selling its ammunition-manufacturing assets to Olin Winchester, a subsidiary of Olin.
• The sale was a strategic-review process involving independent advisors and an array of prospective buyers.
• The sale is expected to focus on prioritizing its profitable, high-margin GunBroker.
• The sale is expected to result in a total cash consideration of $75 million.
• The sale is expected to be completed by the end of 2025.
