AMERICAN REBEL HOLDINGS, INC. (NASDAQ: AREB) ANNOUNCES EFFECTIVENESS OF 1-FOR-9 REVERSE STOCK SPLIT AT THE OPEN OF TRADING ON OCTOBER 2, 2024
American Rebel Holdings, Inc. (NASDAQ: AREB) has announced the effectiveness of a 1-for-9 reverse stock split of its outstanding common shares, effective October 2, 2024. The company's stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market under the same symbol 'AREB' with a new CUSIP number: 02919L505.
The reverse split aims to help the company regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Key details include:
- Every 9 shares will be exchanged for 1 share
- Fractional shares will be rounded up
- Post-split, approximately 1.06 million shares will be outstanding
- The authorized number of common stock shares remains unchanged
Securities Transfer is acting as the exchange agent for the reverse split. Stockholders with shares in book-entry form or brokerage accounts need not take action, while those with certificates will receive instructions for the exchange process.
American Rebel Holdings, Inc. (NASDAQ: AREB) ha annunciato l'efficacia di un consolidamento azionario 1-per-9 delle sue azioni ordinarie in circolazione, a partire dal 2 ottobre 2024. Le azioni dell'azienda inizieranno a essere scambiate sulla base del consolidamento sul mercato Nasdaq Capital con lo stesso simbolo 'AREB' e un nuovo numero CUSIP: 02919L505.
Il consolidamento mira ad aiutare l'azienda a riconquistare la conformità con il requisito di prezzo minimo per azione di $1,00 richiesto dal Nasdaq. I dettagli principali includono:
- Ogni 9 azioni verranno scambiate per 1 azione
- Le azioni frazionarie verranno arrotondate per eccesso
- Dopo il consolidamento, ci saranno circa 1,06 milioni di azioni in circolazione
- Il numero autorizzato di azioni ordinarie rimane invariato
Securities Transfer agisce come agente di scambio per il consolidamento. Gli azionisti con azioni in forma di libro o conto di intermediazione non devono intraprendere alcuna azione, mentre coloro che possiedono certificati riceveranno istruzioni per il processo di scambio.
American Rebel Holdings, Inc. (NASDAQ: AREB) ha anunciado la efectividad de un consolidación de acciones 1-por-9 de sus acciones ordinarias en circulación, efectiva el 2 de octubre de 2024. Las acciones de la compañía comenzarán a cotizar en una base ajustada al consolidado en el mercado Nasdaq Capital bajo el mismo símbolo 'AREB' con un nuevo número CUSIP: 02919L505.
El objetivo del consolidado es ayudar a la empresa a recuperar el cumplimiento con el requisito de precio mínimo de oferta de Nasdaq de $1.00 por acción. Los detalles clave incluyen:
- Cada 9 acciones se intercambiarán por 1 acción
- Las acciones fraccionarias se redondearán hacia arriba
- Después del consolidado, habrá aproximadamente 1.06 millones de acciones en circulación
- El número autorizado de acciones ordinarias permanece sin cambios
Securities Transfer actúa como agente de intercambio para el consolidado. Los accionistas con acciones en forma de libro o cuentas de corretaje no necesitan tomar ninguna acción, mientras que aquellos con certificados recibirán instrucciones para el proceso de intercambio.
American Rebel Holdings, Inc. (NASDAQ: AREB)는 2024년 10월 2일부터 시행되는 1대 9 주식 분할의 효력을 발표했습니다. 회사의 주식은 동일한 기호 'AREB'로 Nasdaq Capital Market에서 분할 조정 기반으로 거래를 시작하며, 새로운 CUSIP 번호는 02919L505입니다.
주식 분할의 목적은 회사가 Nasdaq의 주당 최소 입찰 가격 요구 사항인 $1.00을 충족하는 데 도움을 주기 위함입니다. 주요 세부 사항은 다음과 같습니다:
- 9주가 1주로 교환됩니다
- 부분 주식은 올림 처리됩니다
- 분할 후, 약 106만 주가 발행됩니다
- 주식의 승인된 수는 변경되지 않습니다
Securities Transfer는 주식 분할의 교환 대행자로 활동하고 있습니다. 장부 형식 또는 중개 계좌에 주식이 있는 주주들은 아무 조치도 취할 필요가 없으며, 증서를 가진 주주들은 교환 과정에 대한 지침을 받게 됩니다.
American Rebel Holdings, Inc. (NASDAQ: AREB) a annoncé l'efficacité d'un rachat d'actions inversé 1-pour-9 de ses actions ordinaires en circulation, effectif le 2 octobre 2024. Les actions de la société commenceront à être négociées sur une base ajustée au rachat sur le marché Nasdaq Capital sous le même symbole 'AREB' avec un nouveau numéro CUSIP : 02919L505.
Le rachat inversé vise à aider la société à retrouver le respect de l'exigence de prix minimum d'offre du Nasdaq de 1,00 $ par action. Les détails clés incluent :
- Chaque 9 actions sera échangé contre 1 action
- Les actions fractionnaires seront arrondies à l'unité supérieure
- Après le rachat, environ 1,06 million d'actions seront en circulation
- Le nombre autorisé d'actions ordinaires reste inchangé
Securities Transfer agit comme agent d'échange pour le rachat inversé. Les actionnaires ayant des actions sous forme de livre ou de comptes de courtage n'ont pas besoin de prendre de mesures, tandis que ceux ayant des certificats recevront des instructions pour le processus d'échange.
American Rebel Holdings, Inc. (NASDAQ: AREB) hat die Wirksamkeit einer 1-zu-9-Rückwärtssplittung seiner ausstehenden Stammaktien bekannt gegeben, die am 2. Oktober 2024 wirksam wird. Die Aktien des Unternehmens werden unter dem gleichen Symbol 'AREB' an der Nasdaq Capital Market auf einer angepassten Basis gehandelt, mit einer neuen CUSIP-Nummer: 02919L505.
Die Rückwärtssplittung zielt darauf ab, dem Unternehmen zu helfen, die Anforderungen von Nasdaq an den Mindestgebotspreis von 1,00 USD pro Aktie zu erfüllen. Wichtige Details umfassen:
- Jede 9 Aktien werden gegen 1 Aktie eingetauscht
- Teilaktien werden aufgerundet
- Nach dem Splitt werden etwa 1,06 Millionen Aktien ausstehen
- Die genehmigte Anzahl an Stammaktien bleibt unverändert
Securities Transfer fungiert als Austauschagent für die Rückwärtssplittung. Aktionäre mit Aktien in Buchform oder in Maklerkonten müssen keine Maßnahmen ergreifen, während diejenigen mit Zertifikaten Anweisungen für den Austauschprozess erhalten werden.
- Potential compliance with Nasdaq's minimum bid price requirement
- Reduction in outstanding shares from 9.5 million to approximately 1.06 million
- Reverse stock split may be perceived negatively by some investors
- Risk of not achieving desired share price increase post-split
Insights
American Rebel Holdings' 1-for-9 reverse stock split is a significant move aimed at regaining compliance with Nasdaq's minimum bid price requirement of
While reverse splits don't directly impact a company's market value, they can have mixed implications:
- Positive: It may attract institutional investors who have minimum share price requirements.
- Negative: It could be perceived as a sign of financial distress, potentially deterring some investors.
The effectiveness of this move depends on the company's ability to maintain the higher share price post-split. Investors should monitor the stock's performance closely in the coming weeks to gauge market reaction and the company's ability to sustain compliance with Nasdaq requirements.
The reverse stock split by American Rebel Holdings is a strategic maneuver that warrants careful analysis. While it doesn't change the company's fundamental value, it can significantly impact market perception and trading dynamics:
- Increased visibility: A higher share price may attract more analyst coverage and institutional interest.
- Reduced liquidity: Fewer outstanding shares could lead to wider bid-ask spreads and potentially increased volatility.
- Psychological impact: Some retail investors may perceive the stock as more valuable at a higher price point.
However, the key concern is whether this move addresses underlying business issues. Investors should focus on the company's financial health, growth prospects and ability to generate shareholder value beyond this technical adjustment. The market's long-term response will ultimately depend on American Rebel's operational performance and strategic execution.
Nashville, TN, Oct. 02, 2024 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) — America’s Patriotic Brand (the “Company”), today announced the effectiveness of its 1-for-9 reverse stock split of its outstanding shares of common stock, par value
The Company’s Common Stock will begin trading on a reverse stock split-adjusted basis at the opening of the Nasdaq Capital Market (“Nasdaq”) on Wednesday, October 2, 2024. Following the reverse stock split, the Common Stock will continue to trade on Nasdaq under the symbol “AREB” with the new CUSIP number, 02919L505. The reverse stock split is intended for the Company to regain compliance with the minimum bid price requirement of
Key information
New CUSIP Number: 02919L505
Every 9 shares will be exchanged for 1 share
Fractional Shares will be rounded up
Post spilt approximately 1.06M shares will be outstanding
The reverse stock split will not change the authorized number of shares of our Common Stock. No fractional shares will be issued in connection with the reverse stock split and all such fractional interests will be rounded up to the nearest whole number of shares of Common Stock.
In addition, the reverse stock split will apply to the Common Stock issuable upon the exercise of the Company’s outstanding derivative securities, with proportionate adjustments to be made to the exercise prices and number of derivates thereof and under the Company’s equity incentive plans.
The reverse stock split will reduce the number of issued and outstanding shares of the Company’s common stock from approximately 9.5 million to approximately 1.06 million.
Securities Transfer Corporation is acting as the exchange agent and paying agent for the reverse stock split. Stockholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse stock split.
Securities Transfer Corporation
2901 N Dallas Parkway
Suite 380
Plano, Texas 75093
(469) 633-0101
stctransfer.com
Securities Transfer Corporation will provide instructions to any stockholders with certificates regarding the process in connection with the exchange of pre-reverse stock split stock certificates for ownership in book-entry form or stock certificates on a post-reverse stock split basis. Stockholders are encouraged to contact their bank, broker or custodian with any procedural questions.
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 by its wholly-owned subsidiary, American Rebel Beverages, LLC. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.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. The Company 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 our ability to raise adequate working and expansion capital, our ability to efficiently incorporate acquisitions into our operations, the use of non-GAAP based pro forma financial estimates, our ability to introduce new products, our 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 meet or exceed financial and reporting estimates, any effects of the reverse stock split, our ability to continue to meet Nasdaq listing requirements, 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.
SOURCE: American Rebel Holdings, Inc.
Company Contact:
info@americanrebel.com
Investor Relations:
Brian Prenoveau
MZ North America
+1 (561) 489-5315
AREB@mzgroup.us
FAQ
What is the reverse stock split ratio for American Rebel Holdings (AREB) announced on October 2, 2024?
Why did American Rebel Holdings (AREB) implement a reverse stock split?
How will the reverse split affect the number of outstanding shares of AREB?
What happens to fractional shares resulting from AREB's reverse stock split?
