Investigation Launched into AMMO, Inc. (NASDAQ: POWW) Securities Issues
Investigation into AMMO, Inc. Securities Potential Violations
Recently, Glancy Prongay & Murray LLP, a well-respected national shareholder rights law firm, has embarked on an important investigation concerning AMMO, Inc. (NASDAQ: POWW). This investigation aims to safeguard the interests of investors and delve into specific allegations of possible violations of federal securities laws by AMMO.
Significant Developments Impacting AMMO Investors
On a notable day in September, AMMO disclosed a sudden and significant change in its executive team, announcing the resignation of its Chief Financial Officer at the request of the Board. This move raised eyebrows among investors and triggered an independent investigation into the Company’s internal controls over financial reporting for fiscal years spanning from 2020 through 2023.
Market Reaction Following Announcements
Following these announcements, AMMO’s stock price took a steep decline in after-hours trading, directly affecting its investors. This downturn showcases the potential risks and vulnerabilities that can arise from internal corporate decisions and financial disclosures.
How Can Investors Take Action?
For those who have suffered financial setbacks due to their investments in AMMO, there is an opportunity to engage in potential claims aimed at recovering losses. Interested individuals are encouraged to reach out through available channels to discuss their situation further.
Contact Information and Next Steps
To inquire about pursuing claims under the federal securities laws, investors can submit their contact details on Glancy Prongay & Murray LLP’s website. Moreover, Charles H. Linehan is available for direct consultations at 310-201-9150 or toll-free at 888-773-9224, offering a dedicated line of communication for those seeking professional guidance.
Whistleblower Program Considerations
Another critical aspect of this investigation is the encouragement of whistleblowers with non-public information related to AMMO. The SEC Whistleblower Program offers the possibility of significant rewards, which range up to 30% of any successful recovery made by the SEC. This incentive underscores the importance of transparency and accountability in corporate practices.
About Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP has established itself as a formidable law firm specializing in representing investors in securities litigation, alongside other intricate class action lawsuits. With a strong presence across multiple offices, GPM’s nearly 40 attorneys have successfully recovered billions of dollars through their rigorous advocacy. Their expertise spans various sectors and types of corporate misconduct, demonstrating a robust understanding of the financial landscape.
Frequently Asked Questions
What prompted the investigation into AMMO, Inc.?
The investigation was initiated due to potential violations of federal securities laws, following significant changes in the executive team and internal controls disclosures.
What should I do if I lost money investing in AMMO?
If you suffered losses, consider reaching out to Glancy Prongay & Murray LLP to discuss the possibility of pursuing claims to recover your losses.
Who can participate in the SEC Whistleblower Program?
Individuals with non-public information about AMMO that could assist in the investigation may consider participating in the SEC Whistleblower Program for potential rewards.
How can I contact Glancy Prongay & Murray LLP?
You can contact them through their website or by calling Charles H. Linehan directly at 310-201-9150 or 888-773-9224.
What types of fraud does GPM investigate?
GPM investigates various forms of corporate misconduct, including security violations, financial restatements, insider trading, and more across different industries.
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