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AMERICAN REBEL HOLIDNGS, INC. (NASDAQ: AREB) ANNOUNCES 1-FOR-20 REVERSE STOCK SPLIT WITH ROUND LOT SHAREHOLDER PROTECTION TO BE EFFECTIVE ON FEBRUARY 2, 2026, FOR ALL SHAREHOLDERS OF RECORD AS OF THE EFFECTIVE DATE
Globenewswire· 2026-01-21 22:00
Core Viewpoint - American Rebel Holdings, Inc. will implement a reverse stock split at a ratio of 1-for-20, effective February 2, 2026, to enhance its stock price and comply with Nasdaq listing requirements [1][7][17]. Group 1: Reverse Stock Split Details - The reverse stock split will adjust the number of outstanding shares from approximately 8.7 million to about 435,359 shares [8]. - The new CUSIP number for the shares post-split will be 02919L 802, and trading will continue under the symbol "AREB" [2][3]. - The record date for the reverse stock split is set for January 30, 2026 [3]. Group 2: Shareholder Protections - No fractional shares will be issued; any fractional interests will be rounded up to the nearest whole share [4][6]. - Shareholders holding 100 or more shares prior to the split will not be reduced to less than 100 shares post-split, ensuring round lot protection [5][10]. - The reverse stock split will also apply to outstanding derivative securities, with adjustments made to exercise prices and quantities [4][8]. Group 3: Purpose and Benefits - The primary purpose of the reverse stock split is to increase the share price to meet Nasdaq's minimum bid price requirement of $1.00 per share [7]. - By increasing the share price, the company aims to enhance marketability and trading eligibility on various platforms [7]. - The reverse stock split is expected to improve liquidity and market appeal without altering the overall economic value of shareholders' holdings [15][28]. Group 4: Process and Timeline - The reverse stock split will be effective at 12:00 AM Eastern Time on February 2, 2026, with trading on a split-adjusted basis commencing at market open [1][17]. - Shareholders will not need to take any action; adjustments will be handled automatically by the transfer agent [32]. - Additional round-up shares for eligible shareholders will be distributed approximately 10 trading days after the effective date [25]. Group 5: Company Overview - American Rebel Holdings, Inc. is known as America's Patriotic Brand, offering a range of patriotic lifestyle products, including safes, personal security solutions, and branded apparel [31]. - The company has recently introduced American Rebel Light Beer, a premium domestic light lager [31].