Leading Ammo Inc. investor outlines plan to take over board, revamp business - Phoenix Business Journal

Urvan, Ammo’s biggest shareholder, created GunBroker.com more than 20 years ago and he joined the Ammo board following its purchase of the platform last year.Under Ammo’s proposed breakup plan, the company would be split into Outdoor Online Inc. and Action Outdoor Sports Inc., or AOS. Outdoor Online would take GunBroker and the related e-commerce businesses, while AOS would take over the legacy bullet manufacturing business.

“We reasonably believe that the spin-off strategy is the best course of action to unlock unrecognized long-term shareholder value – and that truly is the singular goal my team and I focus on each day and night as we work to build this business,” Wagenhals said inBut the whole separation plan may be on hold if Urvan, who holds 17.1% of Ammo's outstanding shares, gets his way.

“I want to apply my unique track record of success in e-commerce, firearms and outdoor sporting, and investing to lead an ongoing transformation of AMMO in the public market,” Urvan wrote.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Waymo introducing rider-only service on downtown Phoenix streets - Phoenix Business JournalPassengers who are have become Waymo One Trusted Testers — the autonomous vehicle company’s name for its early research users — will be able to use “rider-only mode” to get around Phoenix streets. It's been long enough nobody remembers the girl that got ran over. no PXG
Source: phxbizjournal - 🏆 254. / 63 Read more »

Battery technology in Silicon Valley: Sila Nanotechnologies Inc. - Silicon Valley Business JournalSila Nanotechnologies' technology is being used in batteries of all sizes, from those set to to go into Mercedes-Benz Group vehicles to those that power a small fitness tracker.
Source: svbizjournal - 🏆 334. / 59 Read more »

Battery technology in Silicon Valley: Sila Nanotechnologies Inc. - Silicon Valley Business JournalSila Nanotechnologies' technology is being used in batteries of all sizes, from those set to to go into Mercedes-Benz Group vehicles to those that power a small fitness tracker.
Source: svbizjournal - 🏆 334. / 59 Read more »

Hermès to open its first Arizona store at Scottsdale Fashion Square in 2024 - Phoenix Business JournalThis is the first Arizona showroom for the Paris-based fashion brand and retailer that sells men's and women's clothing, shoes, jewelry, fragrances, make-up, home and outdoor decor and more.
Source: phxbizjournal - 🏆 254. / 63 Read more »