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American Rebel Announces $19.9+ Million Public 8.53% Preferred Offering
Nashville, TN, March 15, 2024 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), is pleased to announce the
About this update from American Rebel Holdings, Inc.
[{"type":"text","content":"Nashville, TN, March 15, 2024 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) (\"American Rebel\" or the \"Company\"), is pleased to announce the launch of a Regulation A+, equity financing of up to $19,999,995 of 8.53% Series C Redeemable Convertible Preferred Stock (the “Public Offering”). This Public Offering is a watershed event for the Company and allows anyone 18 years or older to log onto the American Rebel Public Offering website at https://invest.americanrebel.com/ and with a click of a button subscribe to the offering. A copy of the Company’s offering circular for the Public Offering has been posted at https://www.sec.gov/Archives/edgar/data/1648087/000149315224009903/form253g2.htm. Investors may also review other securities filings on the Security and Exchange Commission’s website at https://www.sec.gov/Archives/edgar/data/1648087/000149315224009322/partiiandiii.htm. This offering makes 2.6+ million shares of the Company’s Series C Redeemable Convertible Preferred Stock, par value $0.001 per share, which we refer to as the Series C Preferred Stock, available for purchase at $7.50 per share. The Series C Preferred Stock pays a $0.16 per share per quarter dividend at an annual yield of approximately 8.53% and is convertible into five shares of the Company’s common stock for each share of the Series C Preferred Stock. In addition, investors will receive perks based on the size of investment, such as hats, koozies, t-shirts, tank tops, guitars and VIP experiences to proudly display their participation as a shareholder of American Rebel. Digital Offering, LLC, is acting as the sole lead managing selling agent for the Offering. In addition to the launch of the Reg A capital offering, American Rebel is launching America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem Singing, Stand Your Ground Beer with a proven beverage development company and co-packer. For more information on American Rebel Light Beer, go to americanrebelbeer.com. Andy Ross, Chief Executive Officer of American Rebel, commented, “American Rebel is America’s Patriotic brand. Our greatest asset has long been our relationship with our customers who purchase our products to proclaim their love for this country and freedom and making an investment in American Rebel available to the general public through Regulation A+ expands our...