Outdoor Holding Company

Outdoor Holding Company began operations in 2017 as a vertically integrated producer of high-performance ammunition and premium components. Following the 2021 acquisition of the GunBroker business, the company operated through two segments: Ammunition and Marketplace. The Ammunition segment designed, produced, and marketed ammunition, ammunition components, and related products. This segment manufactured small arms ammunition and components for commercial, military, and law enforcement communities, with manufacturing operations based in Manitowoc, Wisconsin. It emphasized American heritage by using predominantly American-made components and raw materials, produced, inspected, and packaged at its Manitowoc, WI facility. During the year ended March 31, 2025, the Board of Directors unanimously decided to sell the Ammunition segment. The Marketplace segment consists of the GunBroker e-commerce marketplace, an auction site supporting the lawful sale of firearms, ammunition, and hunting/shooting accessories. GunBroker connects buyers with sellers across the United States with local federally licensed firearm dealers, providing a state and federal compliant solution for the outdoors community. The Marketplace allows its base of approximately 8.4 million users to follow ownership policies and regulations through a network of over 32,000 federally licensed firearms dealers acting as transfer agents. This platform also provides the company with insight into the total domestic market for understanding sales trends in the outdoor and sports shooting space.