American Rebel announces 1-for-25 reverse stock split effective June 27 to meet Nasdaq listing requirements

AMERICAN REBEL HOLDINGS INC

Reverse stock split at 1-for-25 ratio effective 12:00 a.m. ET on June 27, 2023.
Approximately 16.9 million pre-split shares reduced to about 677,000 outstanding.
No fractional shares; fractional interests rounded up to full share.
All outstanding convertible securities proportionally adjusted for split.
Split intended to regain $1.00 minimum bid price compliance on Nasdaq.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

AMERICAN REBEL HOLDINGS INC: On June 23, 2023, the Board set a 1-for-25 reverse stock split ratio, approved and authorized the filing of a Certificate of Amendment to the Second Amended and Restated Articles of Incorporation, effective June 27, 2023 (effective 2023-06-27).

Change: charter amendment
Effective: 2023-06-27

Exact text from the filing

The Board set the Reverse Stock Split ratio at 1-for-25 and approved and authorized the filing of the Certificate of Amendment on June 23, 2023, with the Certificate of Amendment to become effective as of 12:00 a.m., Eastern Time, on June 27, 2023 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001493152-23-022382

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