American Rebel Holdings Enters Loan Agreement
Ticker: AREBW · Form: 8-K · Filed: Mar 22, 2024 · CIK: 1648087
| Field | Detail |
|---|---|
| Company | American Rebel Holdings INC (AREBW) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $235,750, $35,362, $5,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt, material-agreement
Related Tickers: AREB
TL;DR
Rebel Holdings just signed a new loan agreement, potentially boosting cash flow.
AI Summary
On March 21, 2024, American Rebel Holdings, Inc. entered into a material definitive agreement, specifically a loan agreement with an undisclosed lender. This agreement creates a direct financial obligation for the company, the terms of which are detailed in the filing.
Why It Matters
This filing indicates American Rebel Holdings has secured new financing, which could impact its operational capacity and financial structure.
Risk Assessment
Risk Level: medium — The filing details a new financial obligation, the specifics of which could pose risks depending on the terms and the company's ability to repay.
Key Players & Entities
- AMERICAN REBEL HOLDINGS, INC. (company) — Registrant
- March 21, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-41267 (identifier) — Commission File Number
- 47-3892903 (identifier) — IRS Employer Identification Number
FAQ
What is the principal amount of the loan agreement?
The principal amount of the loan agreement is not specified in this 8-K filing.
Who is the lender in this material definitive agreement?
The identity of the lender is not disclosed in this 8-K filing.
What is the interest rate on the loan?
The interest rate for the loan agreement is not provided in this filing.
When was the loan agreement entered into?
The loan agreement was entered into on March 21, 2024.
What are the key terms and conditions of the loan agreement?
Key terms and conditions of the loan agreement are not detailed in this 8-K filing, but it is described as a material definitive agreement creating a direct financial obligation.
Filing Stats: 876 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-03-22 16:51:24
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value AREB The Nasdaq Stock Mar
- $235,750 — missory note in the principal amount of $235,750 (the "Note"). A one-time interest charg
- $35,362 — e"). A one-time interest charge of 15% ($35,362) and fees of $5,000 were applied on the
- $5,000 — est charge of 15% ($35,362) and fees of $5,000 were applied on the issuance date, resu
- $200,000 — resulting in net loan proceeds to us of $200,000. Accrued, unpaid interest and outstandi
- $162,667.20 — first payment shall be in the amount of $162,667.20 and is due on June 30, 2024 with six (6
- $18,074.14 — bsequent payments each in the amount of $18,074.14 due on the 30 th of each month thereaft
- $271,112.00 — after (a total payback to the Lender of $271,112.00). the Company has the right to prepay t
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex10-1.htm (EX-10.1) — 91KB
- ex10-2.htm (EX-10.2) — 78KB
- 0001493152-24-011003.txt ( ) — 462KB
- areb-20240321.xsd (EX-101.SCH) — 4KB
- areb-20240321_def.xml (EX-101.DEF) — 26KB
- areb-20240321_lab.xml (EX-101.LAB) — 36KB
- areb-20240321_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN REBEL HOLDINGS, INC. Date: March 22, 2024 By: /s/ Charles A. Ross, Jr. Charles A. Ross, Jr. Chief Executive Officer 3