American Rebel Holdings, Inc. (AREB) is a leading developer and dealer of high-quality safes and individual security and self-defense items. The Company is also engaged in designing and producing high-end apparel and accessories.
The price of AREB sock during the regular trading on February 9, 2022, was $2.15 with a 17.9% dip. At last check in the premarket on February 10, 2022, the stock jumped by 26.5%.
AREB: Events and Happenings
On February 09, 2022, AREB reported about the completion of its underwritten public offering of 2,530,121 shares of its common stock. The shares were offered to the public at a price of $4.15 per share. The cumulative net proceeds from the offering were up to $10.5 million. Each common stock consists of one share of common stock, and one warrant. The company intended to utilize the gross proceeds from the offering for general corporate purposes.
AREB updated that its Executive management will participate in the following two events
- 2022 NRA Annual Meetings and Exhibits being held on May 27-29, 2022.
- 2022 USCCA Concealed Carry and Home Defense Expo being held on November 11-13, 2022.
On February 8, 2022, AREB reported about its filing with SEC for Form 424B4 or the Prospectus. On February 4, 2022, the company reported that its Common Shares and Warrants had been permitted to be listed on the Nasdaq Capital Market with effect from February 7.
AREB: Key Financials
On November 15, 2021, AREB released its quarterly financial results for the period ended September 30, 2021. Some of the major updates are as follows.
Revenue
Revenue in the quarter was recorded to be $0.29 million compared to $0.27 million in the same period of 2020.
EPS
Basic and diluted net loss per share in the quarter was $1.42 million or $0.01 compared to $1.31 million or $0.02 in the same quarter of 2020.
Conclusion
AREB stock is phenomenally up by 3483% from the past six months period. The company’s stock gained in Thursday’s premarket session as it reported the closing of its previously announced public offering.
