Outdoor Holding Co

Cautionary Statement Concerning Forward-Looking Statements

Statements contained or incorporated by reference in this press release that are not historical are considered “forward-looking statements” within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, among others, statements under the heading “Fiscal 2027 Execution Priorities” statements about the Company’s ability to unlock post-divestiture efficiencies, the Company’s expected legal and other professional services expenses, the Company’s business strategy, plans, objectives, expectations and intentions, the Company’s anticipated future operating results and operating expenses, cash flow, capital resources, dividends and liquidity, the Company’s future expansion or growth plans and potential for future growth, including its plan to expand its e-commerce platform, the Company’s ability to attract new customers, the Company’s ongoing evaluation of strategic opportunities, expectations regarding Virginia-related demand and second-quarter activity, expected improvement in margins on FFL transfer revenue, the implementation and expected benefits of universal payments, AI-enabled tools and other platform initiatives, anticipated operating efficiency, profitability and capital allocation, and other statements that are not historical facts. Instead, they are based only on Company management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, the Company’s ability to maintain and expand its e-commerce business, the Company’s ability to introduce new features on its e-commerce platform that match consumer preferences, the success of the Company’s recent and future platform enhancements, including the integration with Master FFL and the deployment of a proprietary AI-powered listing tool; the Company’s ability to retain and grow its customer base of buyers and sellers on the GunBroker Marketplace; the impact of lawsuits, including securities class action lawsuits, stockholder derivative suits and enforcement actions by regulatory authorities; the impact of the Company’s obligation to indemnify its current and former directors, officers and employees in connection with litigation and other actions; the Company’s ability to maintain effective internal control over financial reporting; reputational harm resulting from the Special Committee Investigation, the SEC Investigation and the restatement of the Company’s financial statements; investor perceptions regarding the reliability of the Company’s historical financial statements following the restatement, which could adversely affect the Company’s access to capital markets and the market price of its securities; the impact of adverse economic market conditions, including from social and political factors; the Company’s ability to meet its future capital requirements; the effect of security breaches on the Company’s information systems and other disruptions; the Company’s ability, and the ability of the third parties with whom the Company works, to comply with evolving obligations related to data privacy and security; the impact of generative artificial intelligence on the Company’s business, operations and competitive position; risks related to the operation, development and regulation of the Company’s payments system and financial services offerings; the Company’s ability to retain and recruit key personnel; the intense competition in the markets in which the Company operates and its ability to compete within those markets; changes in laws, government regulations and policies and interpretations thereof, including those specifically applicable to the sale of firearms and ammunition, and adverse changes to interpretations of the Second Amendment; the Company’s ability to develop and maintain its brand cost-effectively; the Company’s ability to adequately protect its intellectual property rights, including the costs of litigation, the diversion of its management’s time and attention and the impacts of any resulting loss of a competitive advantage; the loss of relationships with retailers and distributors, war, terrorism, civil unrest, and natural or manmade disasters that may disrupt the Company’s operations or the markets in which it operates; fluctuations in the Company’s financial results due to factors beyond its control; and the occurrence of any other event, change or other circumstances that could give rise to impacts on operating results. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026 and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website atwww.sec.gov. Forward-looking statements are made as of the date of this press release, and except as required by law, the Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.