American Rebel induces exercise of existing warrants, issues new warrants to raise ~$3.3M

AMERICAN REBEL HOLDINGS INC

Existing warrants for 2,988,687 shares exercised at reduced price of $1.10/share, generating ~$3.3M gross proceeds.
New warrants issued to purchase up to 5,977,374 shares at $1.10/share, exercisable for 5 years, with anti-dilution for New Warrant A.
Company agrees to register new warrant shares within 90 days and to avoid variable-rate transactions for 1 year.
Pre-transaction common shares outstanding: 3,151,883; dilution from new warrants could nearly double shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

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

Action: entry
Agreement: equity purchase
Counterparty: certain holders of existing common stock purchase warrants
Value: 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 ")

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82 material agreements filed in the last 30 days. Browse all material agreements →

AMERICAN REBEL HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001493152-23-032145

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