Investors who lost money with AMMO, Inc. (NASDAQ: POWW) should contact the Shareholders Foundation in connection with Lawsuit

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]