Class Action Lawsuit Filed Against AMMO, Inc. for Alleged Financial Misconduct

The Schall Law Firm, a prominent shareholder rights litigation firm, has announced a class action lawsuit against AMMO, Inc. (“Ammo” or “the Company”) POWW. The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5 established by the U.S. Securities and Exchange Commission.

Investors who purchased Ammo’s securities between August 19, 2020, and September 24, 2024 (the “Class Period”), are encouraged to contact Schall Law Firm before November 29, 2024, to explore their options.

If you suffered losses as a shareholder, click here to participate in the class action.

For further information, you may contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or call 310-301-3335. You can also visit the firm’s website at www.schallfirm.com or email bschall@schallfirm.com.

Please note that the class has not yet been certified, meaning you are not currently represented by an attorney. If you decide not to take action, you will remain an absent class member.

The complaint claims that Ammo made false and misleading statements regarding its financial practices. Reports indicate that the Company fell short of maintaining adequate controls over financial reporting, leading to inaccuracies in related party transactions from 2020 to 2023. Additionally, Ammo reportedly misvalued unrestricted stock awards for executives and employees between 2020 and 2022. Consequently, the public statements made by the Company were deemed to be false and materially misleading during the class period, resulting in significant losses for investors once the truth came to light.

Investors are invited to join the case to recoup their losses.

The Schall Law Firm specializes in representing investors globally and focuses on securities class action lawsuits and shareholder rights litigation.

This announcement may be classified as Attorney Advertising in certain jurisdictions under applicable laws and ethics rules.

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