8-K: Outdoor Holding Company (Formerly AMMO, Inc.) Amends Loan Agreement with Sunflower Bank

Outdoor Holding Company, formerly known as AMMO, Inc., has entered into a Third Amendment to its Loan and Security Agreement with Sunflower Bank, primarily to reflect the company's name change following the Olin Winchester Acquisition Agreement.

Summary

• Outdoor Holding Company (formerly AMMO, Inc.) has amended its Loan and Security Agreement with Sunflower Bank.
• The Third Loan Amendment, dated May 13, 2025, primarily updates the agreement to reflect the company's name change from AMMO, Inc. to Outdoor Holding Company.
• Subsidiary name changes are also reflected, including AMMO TECHNOLOGIES, INC. to OHC TECHNOLOGIES, INC. and AMMO MUNITIONS, INC. to OHC MUNITIONS, INC.
• The amendment ensures the Loan Agreement remains in full force and effect, with all prior terms ratified and confirmed.
• The company represents and warrants that all previous representations and warranties in the Loan Agreement remain true and correct, and no Event of Default has occurred.
• The effective date of the name changes with the Delaware Secretary of State and Arizona Corporate Commission was April 21, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine administrative update following a corporate name change, indicating stability and adherence to legal requirements. The sentiment is neutral to slightly positive.

Positives

• The amendment ensures the Loan Agreement remains in full force and effect, indicating continued financial stability and lender confidence.
• The company's representation that no Event of Default has occurred suggests a healthy financial standing.

Future Outlook

The Loan Agreement, as amended, remains in full force and effect.

Management Comments

• Jared R. Smith, Chief Executive Officer, signed the amendment on behalf of Outdoor Holding Company and its subsidiaries.

Industry Context

This type of loan amendment to reflect a name change is a routine legal and administrative update following a corporate restructuring or acquisition, and is not unusual.

Stakeholder Impact

• The name change and loan amendment are unlikely to have a significant immediate impact on stakeholders.
• The update ensures the company's financial agreements are aligned with its new corporate identity.

Key Dates

Keywords

Loan Agreement, Outdoor Holding Company, Sunflower Bank, Amendment, Name Change, Financing