other material
confidence high
sentiment neutral
materiality 0.80
American Rebel Holdings raises $2.5 million upfront with potential $8.5 million from warrant exercises
AMERICAN REBEL HOLDINGS INC
- Issued 468,650 common shares and pre-funded warrants for 255,990 shares, plus Series A and Series B warrants at $3.45 per unit.
- Series A warrants for 724,640 shares at $2.95, exercisable for 5 years; Series B warrants for 2,173,920 shares at $2.95, exercisable for 18 months.
- Gross proceeds of approximately $2.5 million; H.C. Wainwright acted as placement agent receiving 7.5% cash fee and 54,348 Placement Agent Warrants.
- Registration rights agreement requires filing of resale registration statement within 15 calendar days from closing.
- Net proceeds to be used for working capital and general corporate purposes.