Attached files
| file | filename |
|---|---|
| EX-1.1 - AMMO, INC. | ex1-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 23, 2019
AMMO, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-13101 | 83-1950534 | ||
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of Incorporation) | File Number) | Identification Number) |
7681 E. Gray Rd.
Scottsdale, Arizona 85260
(Address of principal executive offices)
480-947-0001
(Registrant’s telephone number)
Check the appropriate box below if the Form 8 -K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
AMMO, INC.
Form 8-K
Current Report
| ITEM 1.01 | Entry into a Material Definitive Agreement |
On January 14, 2019, the company previously reported that on January 11, 2019 Enlight Group II, LLC (hereinafter referred to as the “Buyer”), a wholly owned subsidiary of Ammo, Inc., a Delaware corporation, entered into Binding Letter of Intent with the JAGEMANN STAMPING COMPANY, a Wisconsin corporation (hereinafter referred to as the “Seller”).
On January 23, 2019, Buyer executed a definitive Asset Purchase Agreement whereby the Buyer will acquire 100% of all the assets of Seller’s ammunition casing and projectile manufacturing and sales operations. Buyer will pay a combination of $15,400,000 in cash and 1,000,000 shares of AMMO, Inc. Common Stock for 51% of the assets and Seller will contribute 49% of the assets to Buyer. The parties expect to complete the transaction on or before March 31, 2019.
Seller is engaged exclusively in the business of full-service stamping involving, among other things, the manufacture and sale of deep drawn stampings for use in the ammunition casing and projectile industries.
| ITEM 9.01 | Financial Statements and Exhibits |
| Exhibit | Description | |
| 1.1 | Asset Purchase Agreement |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: January 29, 2019 | AMMO, INC. | |
| By: | /s/ Fred W. Wagenhals | |
| Fred W. Wagenhals | ||
| Chief Executive Officer | ||