Outdoor Holding Co

Our Common Stock is traded on the Nasdaq Capital Market under the symbol “POWW”.

Holders of Common Equity

As of June 10, 2025, there were approximately 273 holders of record of the Common Stock. This number is based on the actual number of holders registered at such date and does not include holders whose shares are held in “street name” by brokers and other nominees.

Dividend Information

We have never declared or paid dividends on our Common Stock. Payment of future dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including the terms of any credit arrangements, our financial condition, operating results, current and anticipated cash needs and plans for expansion. At the present time, we intend to retain any earnings in our business and therefore do not anticipate paying dividends in the foreseeable future. We paid preferred dividends on our Series A Preferred Stock in the amount of $3.0 million, $3.0 million, and $3.0 million for the years ended March 31, 2025, 2024, and 2023, respectively.

We currently have $0.1 million of unpaid accrued dividends on our Series A Preferred Stock as of March 31, 2025. Accordingly, we may not be able to declare a dividend on our Common Stock unless full cumulative dividends on the Series A Preferred Stock have been or contemporaneously are declared and paid or declared.

Transfer Agent

We have appointed Computershare Trust Company (“Computershare”) as the transfer agent for our Common Stock and Series A Preferred Stock. The principal office of Computershare is located at 150 Royall St, Canton, MA 02021, and its telephone number dedicated to Outdoor Holding Company customer service is (877) 373-6374.

Issuer Repurchase of Equity Securities

On February 8, 2022, we announced that our Board of Directors authorized a share repurchase program for up to $30.0 million of our outstanding Common Stock. On March 28, 2023, we announced that our Board of Directors authorized the extension of our repurchase program until February 2024. On February 8, 2024, we announced that our Board of Directors authorized the extension of our repurchase program until February 2025.

The share repurchase program expired on February 6, 2025. Approximately 4.8 million shares were repurchased in total. Pursuant to the repurchase plan, the Company used $8.6 million to purchase shares with effectively $21.4 million unused at expiration.

There were no share repurchases under our repurchase program during the fourth quarter of the 2025 fiscal year.

Performance Graph

The following graph compares the cumulative total stockholder return of our Common Stock (Nasdaq: POWW) in comparison to the cumulative total return of the Nasdaq Capital Market Composite (“Nasdaq CMC”) and the Russell 2000 Index (“Russell 2000”) for the period from March 31, 2020 through March 31, 2025. The graph assumes an investment of $100 in our Common Stock and in each of the indexes on March 31, 2020. The calculation of cumulative stockholder return on the Nasdaq CMC and Russell 2000 include reinvestment of dividends, but the calculation of cumulative stockholder return on our Common Stock does not include reinvestment of dividends because we did not pay any dividends during the measurement period. The performance shown is not necessarily indicative of future performance.