American rebel holdings, inc. announces pricing of $10.5 million public offering and nasdaq listing
Nashville, tn , feb. 04, 2022 (globe newswire) -- american rebel holdings, inc., (nasdaq:areb)(nasdaq:arebw) (the “company,” "american rebel,” “we,” “our” or “us”), a designer and marketer of branded safes and personal security, and self-defense products, announced today the pricing of its underwritten public offering of 2,530,121 units (the “common units”), at a price to the public of $4.15 per common unit, for aggregate gross proceeds of approximately $10.5 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. each common unit consists of one share of common stock, par value $0.001 per share (the “common stock”), and one warrant to purchase one share of common stock (each a “warrant” and collectively the “warrants”). the common stock and warrants are immediately separable from the common units and will be issued and traded separately. the warrants are exercisable immediately, expire five years from the date of issuance and will have an exercise price of $5.1875 per share.
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