InvestorNewsBreaks – American Rebel Holdings Inc. (NASDAQ: AREB) Closes $13M Private Placement

American Rebel (NASDAQ: AREB, AREBW), a designer and marketer of branded safes and personal security and self-defense products, has announced the closing of its private placement of common stock (or pre-funded warrants in lieu thereof) and warrants. Under the agreement, the company sold 11,711,712 shares of common stock (or pre-funded warrants in lieu thereof) and warrants to purchase 23,423,424 shares of common stock. Each share of common stock (or pre-funded warrant in lieu thereof) was sold together with accompanying warrants at a combined purchase price of $1.11. The warrants will be immediately exercisable from the date of issuance at an initial exercise price of $0.86 per share, subject to adjustments, and will expire five years from the date of issuance. American Rebel intends to use the net proceeds from the private placement primarily to fund the planned acquisition of Champion Safe Company, as well as for general working capital and administrative purposes. EF Hutton, division of Benchmark Investments LLC, acted as exclusive placement agent for the offering.

To view the full press release, visit https://ibn.fm/Ex4Ia

About American Rebel Holdings Inc.

American Rebel operates primarily as a designer and marketer of branded safes and personal security and self-defense products. The company also designs and produces branded apparel and accessories. For more information, visit the company’s website at www.AmericanRebel.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.