8-K
filed February 10, 2022, 6:59 PM ET
ticker AREB
CIK 0001648087
other material
confidence high
sentiment positive
materiality 0.80
American Rebel completes $10.5M public offering on Nasdaq; appoints new CFO and directors
AMERICAN REBEL HOLDINGS INC
- Closed $10.5M underwritten public offering of 2,530,121 units at $4.15/unit; each unit consists of one common share and one warrant exercisable at $5.1875 for 5 years.
- 1-for-80 reverse stock split effective Feb 7, 2022; common stock now trading on Nasdaq under AREB.
- Appointed John Garrison as CFO on Feb 8, replacing Charles Ross and Doug Grau; salary $90k/year.
- Appointed independent directors Kenneth Yonika and Michael Dean Smith to the Board.
- Converted $747,985 in promissory notes and 201,358 Series B preferred shares into 437,765 common shares.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Doug Grau departed as Principal Accounting Officer at AMERICAN REBEL HOLDINGS INC.
- Action
- ceased serving
- Role
- Principal Accounting Officer
Exact text from the filing
At that time, Mr. Chares A. Ross, the Company’s current Chief Financial Officer, and Mr. Doug Grau, the Company’s principal accounting officer, ceased serving in these roles.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Garrison was appointed as Chief Financial Officer at AMERICAN REBEL HOLDINGS INC.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On February 8, 2022, the Company appointed John Garrison, 70, as its Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles A. Ross departed as Chief Financial Officer at AMERICAN REBEL HOLDINGS INC.
- Action
- ceased serving
- Role
- Chief Financial Officer
Exact text from the filing
At that time, Mr. Chares A. Ross, the Company’s current Chief Financial Officer, and Mr. Doug Grau, the Company’s principal accounting officer, ceased serving in these roles.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Dean Smith was appointed as Director at AMERICAN REBEL HOLDINGS INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective February 8, 2022, the Company appointed Mr. Kenneth Yonika and Michael Dean Smith (the “Appointments”) as members of the board of directors of the Company (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Yonika was appointed as Director at AMERICAN REBEL HOLDINGS INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective February 8, 2022, the Company appointed Mr. Kenneth Yonika and Michael Dean Smith (the “Appointments”) as members of the board of directors of the Company (the “Board”).
View on SEC.gov
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