American Rebel subsidiary defaults on Bank of America loan; Bank seeks $1.9M in Utah litigation

AMERICAN REBEL HOLDINGS INC

Champion Safe (subsidiary) failed to make final $1.83M payment due July 31, 2025; accrues $570/day interest.
Bank of America filed lawsuit seeking no less than $1,906,742.88 plus fees and interest.
Company authorized 175,000 shares each to CEO Charles Ross and President Corey Lambrecht upon conversion of Series A Preferred.
Total due to Bank as of July 31, 2025: $1,831,014.51; default interest and legal fees continue to accrue.

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