Transaction Details

Footnotes

Represents the cancellation of 2,857,143 shares of AMMO, Inc. common stock pursuant to a Settlement Agreement dated June 24, 2024, in satisfaction of indemnification obligations under the Agreement and Plan of Merger dated April 30, 2021, between AMMO, Inc. and Gemini Direct Investments, LLC. The shares were held in escrow under a Pledge and Escrow Agreement and surrendered for no cash consideration. | Reflects the grant of 15,000 shares of common stock that members of the issuer's Board of Directors (the "Board") receive quarterly as part of their annual compensation for Board service.