BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of AMMO, Inc. (“AMMO” or the “Company”) (NASDAQ: POWW) investors concerning the Company’s possible violations of federal securities laws.
On September 24, 2024, after market hours, AMMO announced that its Chief Financial Officer had resigned “at the request of the Board.” Additionally, the Company disclosed that it is conducting an independent investigation into its “internal control over financial reporting for the fiscal years 2020 through 2023.”
On this news, AMMO’s stock price fell sharply during after-hours trading, thereby injuring investors.
If you purchased AMMO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.