secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN REBEL HOLDINGS INC (AREB)
CIK:        0001648087
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001641172-25-022178
Event type: litigation
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1648087/000164117225022178/0001641172-25-022178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1648087/000164117225022178/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022178

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer