American Rebel Holdings Inc (AREB) stock closed the recent trading session at $2.21, losing 26.33% from the previous trading session. The stock of AREB kept oscillating between $2.85 and $2.21. During the last check, in the pre-market, the stock of AREB gained massively posting a gain of 49.32% to $3.30. The company announced the pricing of its 2.53 million common shares. AREB also filed with the SEC on February 4, 2022.
American Rebel Holdings, Inc. participates in the arrangement of safes and concealed carry apparel and backpacks, defensive jackets, t-shirts, knives, caps, CDs, and hats. The company’s products secure the assets, most imperative which incorporate guns and secured substances. Headquartered in Nashville, TN, the company was founded in 2014.
American Rebel Holdings Inc (AREB) News
On February 4, 2022, American Rebel Holdings Inc (AREB) announced the pricing for its 2.53 million common shares for a total of $10.5 million. The Company means to utilize the net returns from this proposition to compensate different exceptional debts and for general corporate purposes, including working capital, expanded research and growth work, and subsidizing its development strategies. Regarding this contribution, the Company will execute a reverse split of its common stocks at a proportion of 1-for-80. The reverse stock split was implemented with the opening of the trading day on February 7, 2022.
Furthermore, the Company has conceded the underwriters a 45-day choice to purchase up to 379,518 extra Common Shares as well as Warrants or any mix thereof, to cover for excess allotment.
Financials
American Rebel Holdings Inc (AREB) published the financial results for the third quarter of FY21. The company reported net revenue of $0.29 million. The net income of the company was reported to be -$1.42 million. The earnings per share (EPS) of American Rebel Holdings Inc were reported as -$0.10.
