AMERICAN REBEL HOLDINGS INC (AREB): debt financing — American Rebel enters sponsorship with Tony Stewart Racing for up to $800,000

AMERICAN REBEL HOLDINGS INC

Sponsorship fee up to $800,000; initial term through Dec 31, 2023, auto-renewing to July 31, 2025.
American Rebel will be primary sponsor of Matt Hagan's Funny Car at Menards NHRA Nationals and NHRA Midwest Nationals.
Also serves as associate partner for remainder of 2023 and full 2024 season with additional primary races TBD.
Partnership ties to vendor relationship with Menards to sell American Rebel safes and ammo lockers.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.4

AMERICAN REBEL HOLDINGS INC reported a financing event involving debt of up to $800,000 with Tony Stewart Racing Nitro, LLC.

Principal: up to $800,000
Counterparty: Tony Stewart Racing Nitro, LLC

Exact text from the filing

he Registrant entered into a Sponsorship Agreement (the “Sponsorship Agreement”) with Tony Stewart Racing Nitro, LLC, d/b/a TSR Nitro (the “TSRN”), a race team operating a Funny Car Team competing full time with the NHRA (the “Series”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN REBEL HOLDINGS INC entered into Sponsorship Agreement with Tony Stewart Racing Nitro, LLC, d/b/a TSR Nitro valued at up to $800,000 (effective 2023-07-01).

Action: entry
Counterparty: Tony Stewart Racing Nitro, LLC, d/b/a TSR Nitro
Value: up to $800,000
Effective: 2023-07-01

Exact text from the filing

the Registrant entered into a Sponsorship Agreement (the “Sponsorship Agreement”) with Tony Stewart Racing Nitro, LLC, d/b/a TSR Nitro (the “TSRN”), a race team operating a Funny Car Team competing full time with the NHRA (the “Series”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-23-026978

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