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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman Uplists Client Ammo, Inc. to NASDAQ and Closes $18 Million Public Offering

Lucosky Brookman LLP is proud to announce that its client, AMMO, Inc. (NASDAQ: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, closed its underwritten public offering of 8,564,285 shares of common stock at a price to the public of $2.10 per share (“Offering”). Lucosky Brookman served as the Company’s legal counsel in connection with the Offering and listing of its shares on to the NASDAQ Capital Market.

AMMO’s CEO, Fred Wagenhals, commented that “we are excited to have swiftly closed the Offering and are grateful for the work of the amazing in-house team working in conjunction with our world-class professional advisors to make this happen.  With our Uplisting to NASDAQ effective on December 1, 2020, the closing of the Offering bolsters AMMO’s ability to continue to disrupt the stagnant ammunition industry while our team continues to work night and day to enhance shareholder value.”

The gross proceeds to AMMO from this Offering were $17,984,998.50, prior to deducting offering expenses, commissions and underwriting discounts. Alexander Capital, L.P. and Kingswood Capital Markets, division of Benchmark Investments, Inc., acted as joint bookrunners for the Offering.