debt
confidence high
sentiment negative
materiality 0.60
American Rebel Holdings enters into two promissory notes totaling $239,200 with 1800 Diagonal and Boot Capital
AMERICAN REBEL HOLDINGS INC
- Company borrowed $125,000 net from 1800 Diagonal via a $152,950 note with 18.75% interest, 10 monthly payments starting June 2026.
- Company borrowed $75,000 net from Boot Capital via an $86,250 note; total payback $102,421, first payment $51,210.50 due June 2026.
- Both notes allow conversion into common stock at 75% of market price only upon an event of default, with 4.99% beneficial ownership cap.
- Company issued 25,000 shares of Series D Convertible Preferred Stock to a strategic advisor for services through September 2027.
- Company believes both new notes comply with existing restrictive covenants under the Streeterville Capital Note Purchase Agreement.