/Companies

Ammo

NASDAQ: POWW

Scottsdale, US · Delaware corporation

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Outdoor Holding Company operates GunBroker, an online marketplace that facilitates transactions in firearms, ammunition, and hunting and shooting sports accessories between buyers and sellers, with approximately 8.8 million registered users and connections to over 32,000 federally-licensed firearms dealers to ensure legal compliance. The company previously manufactured ammunition and ammunition components but sold that business segment in April 2025.

Founders & leadership

FW
Fred W. WagenhalsFounder
SU
Steven UrvanChief Executive Officer
PK
Paul KasowskiChief Financial Officer
JC
Jordan ChristensenChief Legal Officer, Corporate Secretary

Reported raises · per SEC filings

Form D private placements

$14.4M disclosed across 4 rounds · 2017–2020

▶$2.5MraisedJan 2020 · 10 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Harry S. MarkleyDirector
  • Russel W. Wallace, Jr.Director
  • Randy E. LuthDirector
  • Robert J. GoodmansonDirector
  • Hilko SteveExecutive Officer
  • Robert D WileyExecutive Officer
  • FRED W WAGENHALSExecutive Officer, Director
Offering amount
$2.5M
Amount sold
$2.5M
Minimum investment
$50K
Sales commissions
$200K
Placement agents
JOSEPH GUNNAR & CO. LLC
First sale
Jan 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.7MraisedJan 2019 · 15 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Ron ShostackExecutive Officer
  • Randy LuthDirector
  • FRED W WAGENHALSExecutive Officer, Director
  • Russell William WallaceDirector
  • Daniel P. O'ConnorDirector
  • Kathleen C. HanrahanDirector
  • Harry S. MarkleyDirector
Offering amount
$1.7M
Amount sold
$1.7M
Minimum investment
$25K
Sales commissions
$171K
Placement agents
MARK S. FINCKLE
First sale
Oct 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$194KraisedJan 2019 · 3 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Russell William WallaceDirector
  • Kathleen C. HanrahanDirector
  • Ron ShostackExecutive Officer
  • Daniel P. O'ConnorDirector
  • Fred W. WagenhalsExecutive Officer, Director
  • Randy LuthDirector
  • Harry S. MarkleyDirector
Offering amount
$10M
Amount sold
$194K
Minimum investment
$50K
Sales commissions
$1.2M
Placement agents
Mark S. Finckle
First sale
Dec 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10MraisedApr 2018 · 84 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Fred W. WagenhalsExecutive Officer, Director
Offering amount
$10M
Amount sold
$10M
Minimum investment
$10K
Sales commissions
$1.2M
Placement agents
Mark S. Finckle
First sale
Dec 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b, 4a5
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$106.2Mvaluation at IPODec 2020 · $2.10/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does Ammo do?
Outdoor Holding Company operates GunBroker, an online marketplace that facilitates transactions in firearms, ammunition, and hunting and shooting sports accessories between buyers and sellers, with approximately 8.8 million registered users and connections to over 32,000 federally-licensed firearms dealers to ensure legal compliance. The company previously manufactured ammunition and ammunition components but sold that business segment in April 2025.
Who founded Ammo?
Ammo was founded by Fred W. Wagenhals.
How much funding has Ammo raised?
Ammo has disclosed $14.4M raised across 4 rounds.
Where is Ammo headquartered?
Ammo is headquartered in Scottsdale, US.