POWW Investors Have Opportunity to Lead AMMO, Inc. Securities Fraud Lawsuit with the Schall Law Firm

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].