Ammo, Inc. executed a binding letter of intent to acquire Retrospettiva, Inc. (OTCPK:RTRO) in a reverse merger transaction on January 3, 2017. Under the terms of the transaction, Retrospettiva, Inc. will issue 17.3 million shares of its common stock and will have 18.6 million shares of common stock issued and outstanding on closing of the transaction. The transaction will be terminated if the definitive agreement is not consummated by June 1, 2017. The transaction is subject to the execution of a definitive agreement, approval of the Board of Directors of Ammo and Retrospettiva, approval by a majority of Retrospettiva's shareholders, and completion of due diligence by Ammo and Retrospettiva. The due diligence shall be completed no later than January 10, 2017. As of February 3, 2017, FINRA approved the name change to Ammo Inc. Additionally, Retrospettiva’s ticker symbol, as of the open of business on February 6, 2017, will change from "RTRO" to "RTROD" for 20 business days, thereafter the symbol will change to "POWW." As of February 14, 2017, Retrospettiva is still in due diligence stages and has no plans to finalize the transaction until the completion of the due diligence stage and final documentation. The transaction is expected to close on or before January 27, 2017.