American rebel holdings announces pricing of $13.0 million private placement priced at-the-market per nasdaq rules
Nashville, tn, july 07, 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, today announced that it has entered into a securities purchase agreement with a single institutional investor to raise approximately $13.0 million through the private placement of 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) is being sold together with accompanying warrants at a combined effective 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 as set forth therein, and will expire five years from the date of issuance. the closing of the private placement is expected to occur on july 12, 2022, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreement.
AREB Ratings Summary
AREB Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission