Core Viewpoint - American Rebel Holdings, Inc. has announced a private placement offering to raise approximately 8.5 million from warrants [1][3]. Group 1: Offering Details - The company will sell 724,640 shares of common stock at a price of 2.95, expiring five years from issuance [1][3]. - Series B warrants will allow the purchase of up to 2,173,920 shares, expiring eighteen months from issuance [1][3]. Group 2: Financial Implications - The gross proceeds from the offering are expected to be approximately 8.5 million in gross proceeds [3]. Group 3: Use of Proceeds - The company intends to use the net proceeds from the offering for working capital and other general corporate purposes [3]. Group 4: Company Background - American Rebel Holdings, Inc. operates as a designer, manufacturer, and marketer of branded safes and personal security products, and has recently entered the beverage industry with American Rebel Beer [8]. - The company emphasizes its patriotic values and quality in its product offerings, including American Rebel Light Beer, which is marketed as a premium light lager [6][7].
AMERICAN REBEL ANNOUNCES UP TO $11 MILLION PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES