American Rebel Holdings, Inc. Receives NASDAQ Notice
November 27 2024 - 5:00PM
American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or
the "Company"), America’s Patriotic Brand (www.americanrebel.com)
and the creator of American Rebel Beer (www.americanrebelbeer.com),
and manufacturer and marketer of branded safes
(www.championsafe.com), personal security and self-defense products
and apparel, announced that on November 22, 2024, it received a
delinquency notification letter from Nasdaq, which indicated that
the Company was not in compliance with Nasdaq Listing Rules as a
result of the delayed filing of the Company’s Quarterly Report on
Form 10-Q for the period ended September 30, 2024. Nasdaq Listing
Rules require listed companies to timely file all required periodic
financial reports with the SEC. This notification has no immediate
effect on the listing of the Company’s securities on Nasdaq.
Nasdaq has informed the Company that it must
submit a plan to regain compliance with respect to the filing
requirement by January 21, 2025. If the plan is accepted, Nasdaq
can grant an exception of up to 180 calendar dates from the due
date of the delinquent filing, or until May 19, 2025, to regain
compliance.
As previously described in the Company’s Form
12b-25, filed with the SEC on November 15, 2024, the Company’s
failure to timely file the Q3 2024 10-Q within the prescribed time
period as a result of the dismissal of the Registrant’s independent
auditor, BF Borgers CPA PC (“Borgers”) because Borgers is no longer
permitted to appear or practice before the Commission, and the
Registrant retained a new independent auditor, GBQ Partners LLC,
who is in process of completing the reaudits of years ended
December 31, 2023 and 2022. The Registrant and GBQ needs additional
time to complete their review of the Registrant’s financial
statements for the quarter ended September 30, 2024. The Company is
actively working with its auditors and advisors and intends to file
the Form 10-Q as promptly as possible and plans to regain
compliance by the applicable deadline.
About American Rebel Holdings,
Inc.
American Rebel Holdings, Inc. (NASDAQ: AREB) has
operated primarily as a designer, manufacturer and marketer of
branded safes and personal security and self-defense products and
has recently transitioned into the beverage industry through the
introduction of American Rebel Beer. The Company also designs and
produces branded apparel and accessories. To learn more,
visit www.americanrebel.com www.championsafe.com and
www.americanrebelbeer.com. For investor information, visit
www.americanrebel.com/investor-relations.
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;
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," "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 continued compliance with Nasdaq listing requirements, the
ability of the Company to timely file its SEC reports, 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, 2023.
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:info@americanrebel.com
American Rebel (NASDAQ:AREB)
Historical Stock Chart
From Nov 2024 to Dec 2024
American Rebel (NASDAQ:AREB)
Historical Stock Chart
From Dec 2023 to Dec 2024