SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Steven Urvan (together with the other participants in his solicitation, who owns approximately 17.1% of the outstanding common shares of AMMO, today issued the following statement following its nomination of seven highly qualified candidates for election to the Company’s Board of Directors at the 2022 Annual Meeting of Shareholders:
“We appreciate the positive feedback that has been proactively provided to us by our fellow shareholders. We also appreciate that the Company’s August 29th press release invited ‘all shareholders’ to articulate their views and perspectives. Given the Company’s finite resources and modest market capitalization, we hope leadership focuses on efficiently evaluating investor sentiment – not spending shareholders’ precious capital on a defensive and reactionary campaign. Likewise, we urge leadership to avoid any action or transaction that dilutes shareholders ahead of the Annual Meeting. Please trust that the Urvan Group is committed to continuing to advocate for all shareholders’ best interests and pursuing a value-enhancing transformation of AMMO in the public market.”
Visit www.TheUrvanGroup.com for more information and to receive frequent updates.
