Core Viewpoint - AMMO, Inc. is under investigation for potential breaches of fiduciary duties by its board of directors following a class action complaint related to financial reporting issues and internal controls [1][3]. Group 1: Company Developments - On September 24, 2024, AMMO announced the resignation of its Chief Financial Officer at the request of the Board and disclosed an independent investigation into its internal control over financial reporting for fiscal years 2020 through 2023 [2]. - The investigation will assess whether the company accurately disclosed executive officers, management members, and related party transactions, as well as the proper characterization of fees and valuation of stock awards during fiscal years 2020 to 2023 [2][3]. - Following the announcement, AMMO's share price fell by $0.08, or 5.26%, closing at $1.44 per share on September 25, 2024, with unusually high trading volume [2]. Group 2: Class Action Complaint Details - The class action complaint alleges that AMMO made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period from August 19, 2020, to September 24, 2024 [3]. - Specific allegations include inadequate internal controls over financial reporting, failure to accurately disclose management and related party transactions, improper characterization of fees, and inappropriate valuation of stock awards [3].

Core Insights - AMMO, Inc. (NASDAQ: POWW) is facing a lawsuit filed by investors over alleged securities law violations related to inadequate internal controls and misleading statements about the company's financial reporting [2] Group 1: Company Developments - On September 24, 2024, AMMO, Inc. announced the resignation of its Chief Financial Officer at the request of the Board [2] - The company is conducting an independent investigation into its internal control over financial reporting for the fiscal years 2020 through 2023 [2] Group 2: Legal Issues - A lawsuit was filed on September 30, 2024, alleging that AMMO, Inc. failed to disclose significant issues regarding its internal controls and financial reporting [2] - The plaintiff claims that the company did not accurately disclose executive officers, management members, and related party transactions for fiscal years 2020 through 2023 [2] - Allegations also include improper characterization of fees related to investor relations and legal services, as well as failure to appropriately value stock awards during fiscal years 2020 through 2022 [2]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AMMO, Inc. securities between August 19, 2020, and September 24, 2024, of the upcoming lead plaintiff deadline on November 29, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought AMMO securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 29, 2024 [2]. - The lawsuit alleges that AMMO made false or misleading statements and failed to disclose critical information regarding its financial reporting and management practices [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients [3].

Core Viewpoint - A class action lawsuit has been filed against AMMO, Inc. for alleged violations of securities laws, specifically related to misleading financial statements and inadequate controls over financial reporting [1][5]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased AMMO's securities between August 19, 2020, and September 24, 2024 [2]. - The Schall Law Firm is representing the investors and encourages those who suffered losses to contact them before November 29, 2024 [2][3]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against AMMO, Inc. - The complaint alleges that AMMO made false and misleading statements regarding its financial reporting and failed to maintain appropriate controls [5]. - Specific issues include misstated related party transactions from 2020 to 2023 and improper valuation of unrestricted stock awards to executives and employees from 2020 to 2022 [5]. - As a result of these failures, the company's public statements were deemed materially misleading, leading to investor damages when the truth was revealed [5].

Core Viewpoint - AMMO, Inc. has received a deficiency notification from Nasdaq due to the late filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which is linked to an ongoing independent investigation [1][2]. Compliance and Filing Status - The company has until January 21, 2025, to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) [3]. - If Nasdaq accepts the plan, the company may receive an extension of up to 180 days to regain compliance, potentially until May 19, 2025 [3]. - The company is actively working to complete and file the Form 10-Q as soon as possible to meet compliance requirements [3]. Impact of Notification - The notification does not have an immediate effect on the listing of the company's common or preferred stock on Nasdaq [5]. - There is no assurance that the company will regain compliance or maintain other listing requirements, which could lead to potential delisting if compliance is not achieved within the specified period [4]. Company Overview - AMMO, Inc. is a vertically integrated producer of high-performance ammunition and components, and it owns GunBroker.com, the largest online marketplace for firearms and related products [1][6]. - The company was founded in 2016 and aims to innovate within the munitions industry, offering products such as STREAK™ Visual Ammunition and armor-piercing rounds [6]. GunBroker.com Overview - GunBroker.com serves as a platform for third-party sellers to list firearms and related items, adhering to federal and state laws regarding the sale of such products [7]. - The platform promotes responsible gun ownership and provides a secure way to buy and sell firearms and accessories online [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AMMO, Inc. securities between August 19, 2020, and September 24, 2024, about the upcoming lead plaintiff deadline on November 29, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought AMMO securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must file with the Court by November 29, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against AMMO, Inc. - The lawsuit alleges that AMMO made false and misleading statements and failed to disclose critical information, including inadequate internal controls over financial reporting [4]. - Specific allegations include the failure to accurately disclose executive officers and related party transactions, mischaracterization of fees related to investor relations, and improper valuation of stock awards [4]. - As a result of these alleged misrepresentations, the lawsuit claims that investors suffered damages when the true details became public [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AMMO, Inc. securities between August 19, 2020, and September 24, 2024, of the upcoming lead plaintiff deadline on November 29, 2024, for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought AMMO securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 29, 2024 [2] - The lawsuit alleges that AMMO made false or misleading statements and failed to disclose critical information regarding its financial reporting and management practices [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its performance in securities class action settlements [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against ASML Holding N.V. due to alleged violations of federal securities laws, encouraging affected investors to come forward before the January 13, 2025 deadline for lead plaintiff applications in a federal securities class action [2][4]. Group 1: Allegations Against ASML - The complaint alleges that ASML and its executives made false and misleading statements regarding the severity of issues faced by suppliers in the semiconductor industry, which were more severe than indicated [4]. - It is claimed that the recovery pace of sales in the semiconductor industry was slower than publicly acknowledged by ASML [4]. - The defendants allegedly created a false impression of having reliable information on customer demand and growth while downplaying risks from macroeconomic fluctuations and stronger export regulations affecting semiconductor technology [4]. - As a result, the statements made by ASML regarding its business operations and prospects lacked a reasonable basis [4]. Group 2: Financial Performance and Impact - On October 15, 2024, ASML reported third-quarter earnings showing quarterly bookings of €2.63 billion, a significant decline of 53% quarter-over-quarter [5]. - The company projected full-year 2025 total net sales to be between €30 billion and €35 billion, with a gross margin expected between 51% and 53% [5]. - Following the earnings announcement, ASML's stock price dropped by $141.84, or 16.26%, closing at $730.43 per share, resulting in financial injury to investors [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against AMMO, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 29, 2024 [2][4]. Group 1: Allegations Against AMMO - The complaint alleges that AMMO and its executives made false and misleading statements and failed to disclose inadequate internal controls over financial reporting [4]. - Specific allegations include failure to accurately disclose executive officers and related party transactions from fiscal years 2020 to 2023, mischaracterization of fees related to investor relations and legal services, and improper valuation of stock awards [4][6]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [4]. Group 2: Recent Developments - On September 24, 2024, AMMO announced the resignation of its Chief Financial Officer and disclosed an independent investigation into its internal controls for the fiscal years 2020 through 2023 [5]. - Following this announcement, AMMO's share price fell by $0.08, or 5.26%, closing at $1.44 per share on September 25, 2024, with unusually high trading volume [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $50,000 in AMMO between August 19, 2020, and September 24, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding AMMO's conduct [8].

NEW YORK, Nov. 17, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AMMO, Inc. (NASDAQ: POWW) between August 19, 2020 and September 24, 2024, both dates inclusive (the "Class Period"), of the important November 29, 2024 lead plaintiff deadline.So what: If you purchased AMMO securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to do nex ...