American Rebel raises $3M via private placement of common stock and warrants

On June 27, 2023, American Rebel Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with one institutional buyer appearing on the signature page thereto (the “Buyer”) for the purchase and sale of, subject to customary closing conditions, (i) an aggregate of 71,499 shares (the “Common Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), (ii) prefunded warrants (the “Prefunded Warrants”) that are exercisable into 615,000 shares of Common Stock (the “Prefunded Warrant Shares”) and (iii) warrants (the “Warrants”) to initially acquire up to 686,499 shares of Common Stock (the “Warrant Shares”) (representing 100% of the Common Shares and Prefunded Warrant Shares) in a private placement offering (the “Private Placement”) for gross proceeds of $3 million.