Core Viewpoint - American Rebel Holdings, Inc. will implement a reverse stock split at a ratio of 1-for-25, effective March 31, 2025, to enhance share price and marketability, ensuring compliance with Nasdaq listing requirements [1][6]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 10.6 million to about 423 thousand [4]. - The new CUSIP number for the Common Stock post-split will be 02919L604, and it will continue to trade under the symbol "AREB" on Nasdaq [2][6]. - No fractional shares will be issued; all fractional interests will be rounded up to the nearest whole share, ensuring that shareholders holding at least 100 shares will retain a minimum of 100 shares post-split [3][7]. Group 2: Shareholder Protection - The company is committed to protecting the interests of stockholders, particularly those holding round lots of 100 or more shares, ensuring they do not lose their status as round lot holders [3][7]. - The reverse stock split will apply to the Common Stock issuable upon the exercise of outstanding derivative securities, with adjustments made to exercise prices and the number of derivatives [2][5]. Group 3: Company Background - American Rebel Holdings, Inc. operates primarily as a designer, manufacturer, and marketer of branded safes and personal security products, and has recently entered the beverage industry with the introduction of American Rebel Light Beer [10].
AMERICAN REBEL ANNOUNCES 1-FOR-25 REVERSE STOCK SPLIT WITH ROUND LOT SHAREHOLDER PROTECTION TO BE EFFECTIVE ON MARCH 31, 2025