American Rebel Holdings raises ~$3.3M via warrant exercise inducement; issues new warrants

AMERICAN REBEL HOLDINGS INC

Holders exercised Existing Warrants for 2,988,687 shares at reduced $1.10/share, gross proceeds ~$3.29M.
Company issued New Warrants to purchase up to 5,977,374 shares at $1.10, exercisable for five years.
Existing Warrants originally had exercise prices of $4.37 and $4.24; reduced to $1.10 per share.
Proceeds to be used for general corporate and working capital purposes.
Company agreed to register resale of New Warrant Shares and no variable rate transactions for one year.

Key facts

Extracted from this filing and checked against the source text.

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

AMERICAN REBEL HOLDINGS INC entered into Inducement Letter with certain holders of existing common stock purchase warrants valued at aggregate gross proceeds of approximately $3,287,555.70 (effective 2023-09-08).

Action: entry
Agreement: equity purchase
Counterparty: certain holders of existing common stock purchase warrants
Value: aggregate gross proceeds of approximately $3,287,555.70
Effective: 2023-09-08

Exact text from the filing

On September 8, 2023, American Rebel Holdings, Inc., a Nevada corporation (the “ Company ”), entered into an inducement offer letter agreement (the “ Inducement Letter ”) with certain holders (the “ Holders ”) of existing common stock purchase warrants (the “ Existing Warrants ”) to purchase shares of common stock of the Company.

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AMERICAN REBEL HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001493152-23-032048

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