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What's Behind American Rebel Holdings' Over 41% After-Hours Surge? - American Rebel Holdings (NASDAQ:AREB)
Benzingaยท 2025-10-22 07:34
Core Points - American Rebel Holdings Inc. shares surged 41.6% in after-hours trading following a decision by the Nasdaq Hearings Panel to approve its continued listing on the Nasdaq [1][2] - The company must demonstrate compliance with Nasdaq Listing Rules by November 15, including filing a public disclosure of transactions and providing an updated balance sheet [2][3] - American Rebel received a non-compliance notice on August 20, prompting a hearing where it presented its compliance plan [4] Compliance Requirements - The Nasdaq panel requires American Rebel to file a public disclosure detailing transactions made for compliance and an equity indication post-transactions [3] - The filing should include a balance sheet no older than 60 days with pro forma adjustments for significant transactions or events [3] Business Development - The company secured 16 verbal distributor commitments at the 2025 National Beer Wholesalers Association Convention, expanding its reach into nine new states for American Rebel Light beer [6] - Two distributors began formal contract negotiations within 24 hours of the commitments [6] Stock Performance - American Rebel has experienced a significant decline, losing 99.91% over the past year and 97.17% in the last six months [7] - The stock has a 52-week price range of $1.22 to $1,947.50, with a market capitalization of $6.78 million and an average daily trading volume of 811,020 shares [7] - The stock closed at $1.25, down 33.16% on Tuesday [7]