AMERICAN REBEL HOLDINGS INC (AREB): debt financing — American Rebel enters $235,750 loan agreement with 1800 Diagonal Lending; net proceeds $200,000

AMERICAN REBEL HOLDINGS INC

Loan principal $235,750; net proceeds $200,000 after 15% interest ($35,362) and $5,000 fees.
First payment of $162,667 due June 30, 2024; six subsequent monthly payments of $18,074 each.
Prepayment allowed within 180 days at 95% of balance (5% discount).
Upon default, payoff at 150% of balance; conversion at 75% of market price with 4.99% ownership cap.
Note matures December 30, 2024; no warrants attached.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERICAN REBEL HOLDINGS INC incurred loan of $235,750 with 1800 Diagonal Lending, LLC at 15% ($35,362).

Instrument: loan
Principal: $235,750
Counterparty: 1800 Diagonal Lending, LLC
Rate: 15% ($35,362)
Event: incurrence

Exact text from the filing

the Lender made a loan to the Company, evidenced by a promissory note in the principal amount of $235,750 (the “Note”). A one-time interest charge of 15% ($35,362)

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

AMERICAN REBEL HOLDINGS INC entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $235,750 (effective 2024-03-21).

Action: entry
Agreement: credit facility
Counterparty: 1800 Diagonal Lending, LLC
Value: $235,750
Effective: 2024-03-21

Exact text from the filing

On March 21, 2024, the Company entered into a Securities Purchase Agreement with 1800 Diagonal Lending, LLC, an accredited investor (“the Lender”), pursuant to which the Lender made a loan to the Company, evidenced by a promissory note in the principal amount of $235,750 (the “Note”).

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Source: SEC EDGAR

accession 0001493152-24-011003

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