Outdoor Holding Company (Nasdaq: POWW) announced on October 19, 2026, that its Board of Directors has approved an amendment to the company's discretionary share repurchase program. The amendment increases the aggregate authorization for repurchasing common stock from $15.0 million to $35.0 million. The new authorization includes all shares repurchased since the program's inception in January 2026, representing an increase of $20.0 million.
The term of the program has been extended by six months, moving the expiration date from January 4, 2027, to July 4, 2027. The company reported that as of September 30, 2026, it had repurchased 3,975,951 shares for an aggregate of approximately $8.4 million under the program. This leaves approximately $6.6 million remaining available for repurchases under the amended authorization.
Repurchases may be conducted through open market purchases, privately negotiated transactions, or other means in accordance with federal securities laws, including Rule 10b5-1 trading plans. The timing, volume, and value of any repurchases will be determined by management based on market conditions, liquidity, and capital needs. The company stated that repurchases will be funded from existing cash balances, future operating cash flows, or other legally available funds.
In connection with the company's redomestication to Texas, the Board updated the program to prohibit repurchases that would violate distribution limitations of the Texas Business Organizations Code or impair the company's ability to pay its debts as they become due. The company is the owner of GunBroker.com, the largest online marketplace dedicated to firearms, hunting, shooting, and related products.
