<p><em>未施加民事罰款或經濟制裁</em></p>
<p><strong>喬治亞州亞特蘭大，2025 年 12 月 16 日（GLOBE NEWSWIRE）--</strong> Outdoor Holding Company（納斯達克：POWW，POWWP）（“OHC”，“我們”，“我們的” 或 “公司”），是 GunBroker.com 的所有者，GunBroker.com 是最大的在線槍支、狩獵及相關產品市場，今天宣佈已與美國證券交易委員會（“SEC”）達成和解，以解決其先前披露的調查。Outdoor Holding Company 的董事長兼首席執行官 Steve Urvan 表示：“我們很高興與 SEC 達成的解決方案不包括民事罰款或經濟制裁。公司努力將這一章節拋在腦後。”</p>
<p>公司在不承認或否認 SEC 的調查結果的情況下（僅在管轄權方面），同意停止並避免未來違反反欺詐及其他多項聯邦證券法的行為，原因包括但不限於：（i）未披露前高管的僱傭及角色；（ii）未披露涉及該前高管的關聯方交易；（iii）不當資本化某些股權發行成本；（iv）低估股票補償費用；（v）關於調整後 EBITDA 計算的披露；（vi）內部會計控制不足。命令承認公司現在在新的高級管理層下運營，該管理層與導致命令中描述的違規行為的管理層不同。命令的副本將作為當前報告的附件提交，並將在公司網站上提供。</p>
<p>在命令中，OHC 還同意承擔要求公司聘請外部合規顧問的義務，以審查並協助公司改善財務報告內部控制中的重大缺陷。公司需全面配合合規顧問，在兩年內採納並實施合規顧問的所有建議，並向 SEC 工作人員提供相關的合規認證。這些義務與 OHC 正在進行的內部控制整改工作相一致。</p>
<p>在過去一年中，公司開展了一項廣泛的多階段整改計劃，直接由其董事會、審計委員會和披露委員會監督。這些整改工作包括但不限於，完成獨立調查並重述 2022、2023 和 2024 財政年度的財務報表，以及 2024 財政年度的每個季度和 2025 財政年度的第一季度。公司已更換之前的高級領導，擴展並升級其會計和外部報告人員，聘請 SOX 和外部控制顧問，強化費用分類和資本化的政策，實施增強的期末結算和對賬控制，建立正式的披露委員會，並採用新的強有力的流程來識別和披露關聯方交易。公司還實施了培訓和治理增強措施，以確保這些改進在長期內得以維持。2025 年 8 月，董事會將規模縮減至五人，並增加兩名新的獨立董事，以增強財務專業知識並改善董事會層面的戰略指導和治理。</p>
<p>“我們的董事會和領導團隊採取了果斷、全面的行動來解決遺留問題，並建立一個實質上更強的治理和控制環境，” Urvan 先生表示。“我們很高興結束這一章節，並達成無民事罰款的解決方案。我們致力於強有力的公司治理、透明的披露和準確的財務報告，同時重新聚焦於運營改進和提升股東價值。”</p>
<p>公司仍然專注於作為一個精簡的、純電商市場運營，中心是 GunBroker.com。如之前所述，公司已完成其前彈藥製造業務的剝離，已恢復及時向 SEC 報告，並繼續增強其內部控制和披露實踐。</p>
<p><strong>關於 Outdoor Holding Company</strong></p>
<p>Outdoor Holding Company 是 GunBroker.com 的上市母公司和運營商，GunBroker.com 是最大的專注於槍支、狩獵、射擊及相關產品的在線市場。第三方賣家在該網站上列出商品，聯邦和州法律監管槍支及其他受限物品的銷售。通過使用持牌槍支經銷商作為轉讓代理，遵循所有權政策和法規。GunBroker.com 網站於 1999 年上線，是一個信息豐富、安全可靠的在線買賣槍支、彈藥、射擊配件和户外裝備的方式。GunBroker 提倡負責任的槍支擁有。欲瞭解更多信息，請訪問：www.gunbroker.com。</p>
<p><strong>關於前瞻性聲明的警示性聲明</strong></p>
<p>本新聞稿中包含或引用的非歷史性陳述被視為根據聯邦證券法的定義的 “前瞻性陳述”，並根據 1995 年《私人證券訴訟改革法》的安全港條款進行呈現。前瞻性陳述可以通過諸如 “目標”、“相信”、“期望”、“將”、“可能”、“預期”、“估計”、“會”、“定位”、“未來” 等詞語以及其他類似表達來識別，這些詞語預測或指示未來事件或趨勢，或不是歷史事項的陳述。這些前瞻性陳述包括但不限於關於公司增強內部控制和披露實踐能力、公司商業戰略、計劃、目標、期望和意圖的陳述，以及其他非歷史事實的陳述。相反，它們僅基於公司管理層當前的信念、期望和假設。由於前瞻性陳述涉及未來，因此它們受到固有的不確定性、風險和變化的影響，這些因素難以預測，並且其中許多因素超出了公司的控制範圍。可能導致實際結果與前瞻性陳述中描述的結果存在重大差異的重要因素包括但不限於公司遵守 SEC 和解協議中的承諾的能力，包括實施和完成對財務報告內部控制的增強，公司維持和擴展其電子商務業務的能力，公司在其電子商務平台上推出符合消費者偏好的新功能的能力，公司保留和擴大客户基礎的能力，訴訟的影響，包括證券集體訴訟、股東派生訴訟和監管機構的執法行動，惡劣經濟市場條件的影響，包括社會和政治因素的影響，以及任何其他事件、變化或其他情況的發生，這些情況可能對經營結果產生影響。因此，投資者不應依賴這些前瞻性陳述，並應審查公司在截至 2025 年 3 月 31 日的年度報告中 “風險因素” 標題下描述的風險和不確定性，該報告於 2025 年 6 月 16 日提交給 SEC，以及公司在其其他提交給 SEC 的文件中所做的額外披露，這些文件可在 SEC 網站 www.sec.gov 上獲得。前瞻性陳述是在本新聞稿日期作出的，除法律規定外，公司明確否認對任何更新的前瞻性陳述的任何義務或承諾。</p>
<p><strong>聯繫方式</strong></p>
<p>投資者聯繫：</p>
<p>Darrow Associates</p>
<p>電話： (917) 886-9071</p>
<p>IR@outdoorholding.com</p>
<p>來源：Outdoor Holding Company</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01qZzVOU00zTXpJME1EVTBJelV3TURBMU1qWTNNZz09?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01qZzVOU00zTXpJME1EVTBJelV3TURBMU1qWTNNZz09"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png"/></p>

POWW

<p>户外控股公司（OHC）已與美國證券交易委員會（SEC）達成和解，未受到民事處罰或經濟制裁。該公司同意停止並避免未來違反聯邦證券法。OHC 將聘請外部合規顧問來審查並協助改善內部控制的薄弱環節。該公司已進行重大治理和控制改進，包括新任高級管理人員和董事會成員。OHC 仍專注於其 GunBroker.com 市場，並已剝離其彈藥製造業務</p>

<p><em>No Civil Penalty or Monetary Sanction Imposed</em></p>
<div class="lb-trans"><p><em>未施加民事罰款或經濟制裁</em></p>
</div><p><strong>Atlanta, GA., Dec. 16, 2025 (GLOBE NEWSWIRE) --</strong> Outdoor Holding Company (Nasdaq: POWW, POWWP) (“OHC,” “we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that it has reached a settlement with the U.S. Securities and Exchange Commission (“SEC”) to resolve its previously disclosed investigation. “We are pleased to have reached a resolution with the SEC which does not include a civil penalty or monetary sanction. The Company has worked hard to put this chapter behind us,” said Steve Urvan, Chairman and Chief Executive Officer of Outdoor Holding Company.</p>
<div class="lb-trans"><p><strong>喬治亞州亞特蘭大，2025 年 12 月 16 日（GLOBE NEWSWIRE）--</strong> Outdoor Holding Company（納斯達克：POWW，POWWP）（“OHC”，“我們”，“我們的” 或 “公司”），是 GunBroker.com 的所有者，GunBroker.com 是最大的在線槍支、狩獵及相關產品市場，今天宣佈已與美國證券交易委員會（“SEC”）達成和解，以解決其先前披露的調查。Outdoor Holding Company 的董事長兼首席執行官 Steve Urvan 表示：“我們很高興與 SEC 達成的解決方案不包括民事罰款或經濟制裁。公司努力將這一章節拋在腦後。”</p>
</div><p>Without admitting or denying the SEC’s findings except as to jurisdiction, the Company agreed to cease and desist from future violations of the antifraud and numerous other provisions of the federal securities laws stemming from, among other things: (i) failure to disclose a former executive officer’s employment and role; (ii) failure to disclose related party transactions involving that former executive officer; (iii) improper capitalization of certain equity issuance costs; (iv) understatement of stock compensation expenses; (v) disclosure concerning the calculation of Adjusted EBITDA; and (vi) inadequate internal accounting controls. The Order acknowledged that the Company is now operating under new senior management that is different from those responsible for the conduct leading to the violations described in the Order. A copy of the Order will be filed as an exhibit to a Current Report on Form 8-K and will be available on the Company’s website.</p>
<div class="lb-trans"><p>公司在不承認或否認 SEC 的調查結果的情況下（僅在管轄權方面），同意停止並避免未來違反反欺詐及其他多項聯邦證券法的行為，原因包括但不限於：（i）未披露前高管的僱傭及角色；（ii）未披露涉及該前高管的關聯方交易；（iii）不當資本化某些股權發行成本；（iv）低估股票補償費用；（v）關於調整後 EBITDA 計算的披露；（vi）內部會計控制不足。命令承認公司現在在新的高級管理層下運營，該管理層與導致命令中描述的違規行為的管理層不同。命令的副本將作為當前報告的附件提交，並將在公司網站上提供。</p>
</div><p>In the Order, OHC also consented to undertakings requiring the Company to engage an outside compliance consultant to review and assist with the Company’s remediation of material weaknesses in internal control over financial reporting. The Company is required to fully cooperate with the compliance consultant, adopt and implement all of the compliance consultant’s recommendations within two years, and provide related certifications of compliance to the SEC staff. These undertakings align with OHC’s ongoing internal controls remediation efforts.</p>
<div class="lb-trans"><p>在命令中，OHC 還同意承擔要求公司聘請外部合規顧問的義務，以審查並協助公司改善財務報告內部控制中的重大缺陷。公司需全面配合合規顧問，在兩年內採納並實施合規顧問的所有建議，並向 SEC 工作人員提供相關的合規認證。這些義務與 OHC 正在進行的內部控制整改工作相一致。</p>
</div><p>Over the past year, the Company has undertaken a broad, multi-phase remediation program overseen directly by its Board of Directors, Audit Committee, and Disclosure Committee. These remediation efforts include, among other actions, completion of an independent investigation and restating its financial statements for fiscal years 2022, 2023 and 2024, each of the quarters within fiscal year 2024, and the first quarter of fiscal year 2025. The Company has replaced its prior senior leadership, expanded and upgraded its accounting and external reporting personnel, retained SOX and outside controls advisors, strengthened policies governing expense classification and capitalization, implemented enhanced period-end close and reconciliation controls, established a formal disclosure committee, and adopted a new robust process for identifying and disclosing related party transactions. The Company has also implemented training and governance enhancements designed to ensure these improvements are sustained over the long term. In August 2025, the Board reduced its size to five and added two new independent board members to increase financial expertise and improve board-level strategic guidance and governance.</p>
<div class="lb-trans"><p>在過去一年中，公司開展了一項廣泛的多階段整改計劃，直接由其董事會、審計委員會和披露委員會監督。這些整改工作包括但不限於，完成獨立調查並重述 2022、2023 和 2024 財政年度的財務報表，以及 2024 財政年度的每個季度和 2025 財政年度的第一季度。公司已更換之前的高級領導，擴展並升級其會計和外部報告人員，聘請 SOX 和外部控制顧問，強化費用分類和資本化的政策，實施增強的期末結算和對賬控制，建立正式的披露委員會，並採用新的強有力的流程來識別和披露關聯方交易。公司還實施了培訓和治理增強措施，以確保這些改進在長期內得以維持。2025 年 8 月，董事會將規模縮減至五人，並增加兩名新的獨立董事，以增強財務專業知識並改善董事會層面的戰略指導和治理。</p>
</div><p>“Our Board and leadership team have taken decisive, comprehensive action to address legacy issues and build a materially stronger governance and control environment,” said Mr. Urvan. “We are pleased to close this chapter and to have reached this resolution with no civil penalty. We are committed to strong corporate governance, transparent disclosure, and accurate financial reporting as we refocus our efforts to operational improvements and enhancement of shareholder value.”</p>
<div class="lb-trans"><p>“我們的董事會和領導團隊採取了果斷、全面的行動來解決遺留問題，並建立一個實質上更強的治理和控制環境，” Urvan 先生表示。“我們很高興結束這一章節，並達成無民事罰款的解決方案。我們致力於強有力的公司治理、透明的披露和準確的財務報告，同時重新聚焦於運營改進和提升股東價值。”</p>
</div><p>The Company remains focused on operating as a streamlined, pure-play e-commerce marketplace centered on GunBroker.com. As previously reported, the Company has completed the divestiture of its former ammunition manufacturing business, has returned to timely SEC reporting, and continues to enhance its internal controls and disclosure practices.</p>
<div class="lb-trans"><p>公司仍然專注於作為一個精簡的、純電商市場運營，中心是 GunBroker.com。如之前所述，公司已完成其前彈藥製造業務的剝離，已恢復及時向 SEC 報告，並繼續增強其內部控制和披露實踐。</p>
</div><p><strong>About Outdoor Holding Company</strong></p>
<div class="lb-trans"><p><strong>關於 Outdoor Holding Company</strong></p>
</div><p>Outdoor Holding Company is the publicly traded parent and operator of GunBroker.com, the largest online marketplace dedicated to firearms, hunting, shooting and related products. Third-party sellers list items on the site and federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed by using licensed firearms dealers as transfer agents. Launched in 1999, the GunBroker.com website is an informative, secure and safe way to buy and sell firearms, ammunition, shooting accessories and outdoor gear online. GunBroker promotes responsible ownership of firearms. For more information, visit: www.gunbroker.com.</p>
<div class="lb-trans"><p>Outdoor Holding Company 是 GunBroker.com 的上市母公司和運營商，GunBroker.com 是最大的專注於槍支、狩獵、射擊及相關產品的在線市場。第三方賣家在該網站上列出商品，聯邦和州法律監管槍支及其他受限物品的銷售。通過使用持牌槍支經銷商作為轉讓代理，遵循所有權政策和法規。GunBroker.com 網站於 1999 年上線，是一個信息豐富、安全可靠的在線買賣槍支、彈藥、射擊配件和户外裝備的方式。GunBroker 提倡負責任的槍支擁有。欲瞭解更多信息，請訪問：www.gunbroker.com。</p>
</div><p><strong>Cautionary Statement Concerning Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>關於前瞻性聲明的警示性聲明</strong></p>
</div><p>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 about the Company’s ability to enhance its internal controls and disclosure practices, the Company’s business strategy, plans, objectives, expectations and intentions, 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 comply with the undertakings in the SEC settlement, including implementing and completing enhancements to internal control over financial reporting, 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 Company’s ability to retain and grow its customer base, the impact of lawsuits, including securities class action lawsuits, stockholder derivative suits and enforcement actions by regulatory authorities, the impact of adverse economic market conditions, including from social and political factors, 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, 2025, filed with the SEC on June 16, 2025, and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this press release, and except as provided by law, the Company expressly disclaims any obligation or undertaking to any updated forward-looking statements.</p>
<div class="lb-trans"><p>本新聞稿中包含或引用的非歷史性陳述被視為根據聯邦證券法的定義的 “前瞻性陳述”，並根據 1995 年《私人證券訴訟改革法》的安全港條款進行呈現。前瞻性陳述可以通過諸如 “目標”、“相信”、“期望”、“將”、“可能”、“預期”、“估計”、“會”、“定位”、“未來” 等詞語以及其他類似表達來識別，這些詞語預測或指示未來事件或趨勢，或不是歷史事項的陳述。這些前瞻性陳述包括但不限於關於公司增強內部控制和披露實踐能力、公司商業戰略、計劃、目標、期望和意圖的陳述，以及其他非歷史事實的陳述。相反，它們僅基於公司管理層當前的信念、期望和假設。由於前瞻性陳述涉及未來，因此它們受到固有的不確定性、風險和變化的影響，這些因素難以預測，並且其中許多因素超出了公司的控制範圍。可能導致實際結果與前瞻性陳述中描述的結果存在重大差異的重要因素包括但不限於公司遵守 SEC 和解協議中的承諾的能力，包括實施和完成對財務報告內部控制的增強，公司維持和擴展其電子商務業務的能力，公司在其電子商務平台上推出符合消費者偏好的新功能的能力，公司保留和擴大客户基礎的能力，訴訟的影響，包括證券集體訴訟、股東派生訴訟和監管機構的執法行動，惡劣經濟市場條件的影響，包括社會和政治因素的影響，以及任何其他事件、變化或其他情況的發生，這些情況可能對經營結果產生影響。因此，投資者不應依賴這些前瞻性陳述，並應審查公司在截至 2025 年 3 月 31 日的年度報告中 “風險因素” 標題下描述的風險和不確定性，該報告於 2025 年 6 月 16 日提交給 SEC，以及公司在其其他提交給 SEC 的文件中所做的額外披露，這些文件可在 SEC 網站 www.sec.gov 上獲得。前瞻性陳述是在本新聞稿日期作出的，除法律規定外，公司明確否認對任何更新的前瞻性陳述的任何義務或承諾。</p>
</div><p><strong>Contacts</strong></p>
<div class="lb-trans"><p><strong>聯繫方式</strong></p>
</div><p>For investors:</p>
<div class="lb-trans"><p>投資者聯繫：</p>
</div><p>Darrow Associates</p>
<div class="lb-trans"><p>Darrow Associates</p>
</div><p>Phone: (917) 886-9071</p>
<div class="lb-trans"><p>電話： (917) 886-9071</p>
</div><p>IR@outdoorholding.com</p>
<div class="lb-trans"><p>IR@outdoorholding.com</p>
</div><p>Source: Outdoor Holding Company</p>
<div class="lb-trans"><p>來源：Outdoor Holding Company</p>
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<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png" alt="" original-src="https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png"/></p>

Outdoor 控股公司宣佈在美國證券交易委員會行政事務中達成和解 | POWW 股票新聞