Ammo, Inc.’s Board of Directors approved extending its share repurchase program for up to $30 million of its outstanding common stock until February 2024.
Ammo, Inc. owns GunBroker.com, the online marketplace serving the firearms and shooting sports industries and a vertically integrated producer of ammunition and components.
Purchases made according to the program will be made in the open market occasionally, at the company’s discretion, i, through privately negotiated transactions or other manners as permitted by federal securities laws.
The company determines the timing, manner, price, and amount of repurchases subject to economic and market conditions, stock price, applicable legal requirements, and other factors.
Previously, the company disclosed in its Form 10-Q (Quarterly Report) filed on February 14, 2023, that approximately $29.7 million remained available for repurchases under the plan.
The program is expected to continue following this public release and may be suspended or discontinued at any time before termination in February 2024.