Roth Capital Partners acted as Joint Book-Running Manager
for AMMO, Inc. (Nasdaq: POWW) in its
$115 Million Follow-On


For more information please contact:
Investment Banking
Paul Zaffaroni
Managing Director &
Co-Head of Consumer
Investment Banking
(949) 720-7174
Jonathan Alyn
(949) 720-7156
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
Nazan Akdeniz
Senior Vice President
(949) 720-5740
Lou Ellis
Senior Vice President
(949) 720-5739

Transaction Information
AMMO, Inc. (Nasdaq: POWW), a premier American ammunition and munition components manufacturer and technology leader, has closed an underwritten public offering of 23 million shares of common stock, which includes 3 million shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $5.00 per share, resulting in gross proceeds of $115 million.

AMMO, Inc. intends to use the net proceeds from this offering for general corporate purposes and working capital purposes, including debt reduction and capital expenditures. In addition, AMMO may use a portion of the proceeds for potential acquisitions.

Roth Capital Partners acted as joint book-running manager for the offering.
About AMMO, Inc.
AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK(tm) Visual Ammunition, /stelTH/(tm) subsonic munitions, and armor piercing rounds for military use. For more information, please visit (Source: Company Press Release | 03.23.21)

About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access.  Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth please visit

Date of Announcement: 04.20.21

The material, information and  facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Roth. Copyright 2021.