NEW YORK, NY - 
(NewMediaWire) - September 26, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against AMMO, Inc. (“AMMO” or the “Company”) (NASDAQ: POWW).
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On September 24, 2024, after the market closed, AMMO announced that its Chief Financial Officer had resigned “at the request of the Board.” The Company also disclosed that it had retained a law firm to conduct an “independent investigation into the Company’s internal control over financial reporting for the fiscal years 2020 through 2023.” Following this news, the price of AMMO shares fell 5.26% to close at $1.44 per share.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
