American Rebel Holdings, Inc., (NASDAQ:AREB)(NASDAQ:AREBW) (the
“Company,” "American Rebel,” “we,” “our” or “us”), a designer and
marketer of branded safes and personal security, and self-defense
products, announced today the pricing of its underwritten
public offering of 2,530,121 units (the “Common Units”), at a price
to the public of $4.15 per Common Unit, for aggregate gross
proceeds of approximately $10.5 million, prior to deducting
underwriting discounts, commissions, and other estimated offering
expenses. Each Common Unit consists of one share of common stock,
par value $0.001 per share (the “Common Stock”), and one warrant to
purchase one share of Common Stock (each a “Warrant” and
collectively the “Warrants”). The Common Stock and Warrants are
immediately separable from the Common Units and will be issued and
traded separately. The Warrants are exercisable immediately, expire
five years from the date of issuance and will have an exercise
price of $5.1875 per share.
The Company intends to use the net proceeds from
this offering to repay various outstanding indebtedness and for
general corporate purposes, including working capital, increased
research and development expenditures and funding its growth
strategies.
The Common Shares and Warrants have been
approved to list on the Nasdaq Capital Market under the symbols
"AREB" and "AREBW," respectively, and are expected to begin trading
on February 7, 2022. Prior to the Nasdaq listing, the Company’s
Common Shares were listed on the OTCQB tier of the OTC Market
Group, Inc. under the symbol “AREB.”
In connection with this offering, the Company
will effectuate a reverse split of its issued and outstanding
Common Shares at a ratio of 1-for-80. The reverse stock split is
expected to be effective as of the open of trading on February 7,
2022. The share numbers and pricing information in this release are
adjusted to reflect the reverse stock split.
In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
379,518 Common Shares and/or Warrants to purchase 379,518 Common
Shares, or any combination thereof, to cover over-allotments, if
any.
EF Hutton, division of Benchmark Investments,
LLC, is acting as sole book-running manager for the offering. The
offering is expected to close on February 9, 2022, subject to
customary closing conditions.
A registration statement on Form S-1 (File No.
333-260646) relating to these securities has been filed with the
U.S. Securities and Exchange Commission (the "SEC") and declared
effective by the SEC on February 4, 2022. The offering is being
made only by means of a written prospectus that will be filed with
the SEC. A written prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended, when available, may
be obtained from EF Hutton, division of Benchmark Investments, LLC,
at 590 Madison Avenue, 39th Floor, New York, NY 10022,
Attention: Syndicate Department, or via email
at syndicate@efhuttongroup.com or telephone at (212)
404-7002. Investors may also obtain these documents at no cost by
visiting the SEC's website at
https://www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About American Rebel Holdings,
Inc.
American Rebel operates primarily as a designer
and marketer of branded safes and personal security and
self-defense products. The Company also designs and produces
branded apparel and accessories. To learn more, visit
www.americanrebel.com. For investor information, visit
www.americanrebel.com/investor-relations.
Cautionary Note Regarding
Forward-Looking Statements:
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. American Rebel Holdings, Inc.,
(NASDAQ:AREB)(NASDAQ:AREBW) (the “Company,” "American Rebel,” “we,”
“our” or “us”) desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "forecasts" "believe," "may,"
"estimate," "continue," "anticipate," "intend," "should," "plan,"
"could," "target," "potential," "is likely," "will," "expect" and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements primarily on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy,
and financial needs. Important factors that could cause actual
results to differ from those in the forward-looking statements
include our current reliance on a sole manufacturer and supplier
for the production of our safes, our manufacturing partner’s
ability to meet production demands, our ability to expand our sales
organization to address existing and new markets that we intend to
target, our ability to effectively compete in a competitive
industry, and the Risk Factors contained within our filings with
the SEC, including our Annual Report on Form 10-K for the year
ended December 31, 2020. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
Company Contact:
Charles A. Ross, Jr.CEOAmerican Rebel Holdings,
Inc.info@americanrebel.com
SOURCE: American Rebel
Holdings, Inc.
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