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American Rebel Board and Executive Leadership Convert Approximately $2.05 Million of Accrued Fees and Compensation into Equity, Further Strengthening Stockholders' Equity and Reducing Accrued Liabilities
Globenewswire· 2026-01-09 13:00
Core Viewpoint - American Rebel Holdings, Inc. has taken significant steps to strengthen its balance sheet and align leadership by converting approximately $2.05 million of accrued obligations into Series D Convertible Preferred Stock, which supports ongoing efforts to maintain its Nasdaq listing and improve stockholders' equity [1][4][3]. Leadership and Management Actions - The Board of Directors and senior management, including the President and CEO, opted to convert accrued fees and compensation into equity, demonstrating their commitment to the company's long-term value [3][4]. - This conversion is part of a broader strategy to enhance stockholders' equity and reduce liabilities on the balance sheet [5][4]. Financial Impact - The conversion involved the issuance of Series D Convertible Preferred Stock valued at $7.50 per share, which was exchanged for various accrued obligations previously recorded as liabilities [2][9]. - The action is expected to preserve cash that would have been used to settle these obligations, thereby improving the company's financial position [5][4]. Specific Conversions - Notable conversions include: - Doug Grau (former President): 62,211 shares for accrued advances totaling $466,581.10 - Andy Ross (CEO): 73,439 shares for accrued bonuses totaling $550,791.96 - Corey Lambrecht (COO): 69,381 shares for accrued amounts totaling $520,351.28 - Independent Directors also converted accrued fees into shares [6]. Strategic Context - This action is part of a series of strategic initiatives aimed at maintaining Nasdaq compliance and enhancing stockholders' equity, which includes various corporate actions communicated throughout 2025 [8][12]. - The company has also filed a registration statement on Form S-8 related to its 2025 Stock Incentive Plan, which includes shares reserved for future conversions [9][10]. Future Considerations - Each share of Series D Convertible Preferred Stock is convertible into five shares of common stock, indicating potential future dilution but also aligning insider interests with those of stockholders [11][10].
Champion Safe Celebrates Over 80% Year-over-Year Growth at Flagship American Rebel Store in Lenexa, KS
Globenewswire· 2025-11-20 14:10
Core Insights - The Lenexa showroom of Champion Safe Company has experienced over 80% year-over-year growth, primarily due to increased demand for safes [1][3] - The store offers a comprehensive range of Champion and American Rebel products, including safes and concealed-carry gear, establishing itself as a regional destination for security solutions [1][6] Company Performance - The Lenexa store's growth is attributed to exceptional customer service, product knowledge, and a wide selection of products [3][4] - The showroom provides personalized consultations and hands-on demonstrations, enhancing the customer experience and facilitating informed purchasing decisions [6] Product Offering - Champion Safe Company specializes in high-security safes made from 100% American-made steel, featuring robust construction and fire protection [10] - The product lineup includes residential and large-format safes, concealed-carry backpacks, apparel, and accessories [6][10] Market Position - The Lenexa showroom has become a trusted resource for various customer segments, including gun owners, families, and builders, seeking reliable security solutions [3][4] - The company's commitment to clear information about product features and reliable service has contributed to converting first-time visitors into long-term customers [4]