Proxy war winds began to blow around the Ammo, Inc. boardroom Monday after its recent proposal to spin off the GunBroker segment from its core ammunition manufacturing business prompted a counter from director and largest shareholder Steve Urvan. POWW acquired GunBroker.com in spring of 2021 from Urvan, who founded the firearms marketplace and now owns 17.1% of Ammo equity.

Ammo CEO Fred Wagenhals outlined the split last week, stating the Marketplace segment will succeed Ammo, Inc. as Outdoor Online, Inc. A second entity, Action Outdoor Sports, Inc., will be spun-off and include ... Log in to view full article.