American Rebel Holdings Secures $1M Loan
Ticker: AREBW · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1648087
Sentiment: neutral
Topics: debt, financing
Related Tickers: AREB
TL;DR
Rebel Holdings just got a $1M loan, potentially boosting their war chest.
AI Summary
On March 27, 2024, American Rebel Holdings, Inc. entered into a material definitive agreement, specifically a loan agreement with an unnamed lender for $1,000,000. This agreement creates a direct financial obligation for the registrant.
Why It Matters
This new loan provides American Rebel Holdings with additional capital, which could be used for operational expansion or other strategic initiatives.
Risk Assessment
Risk Level: medium — The loan introduces financial leverage and repayment obligations, the terms of which are not fully detailed in this filing.
Key Numbers
- $1.0M — Loan Amount (Represents new financing obtained by the company.)
Key Players & Entities
- American Rebel Holdings, Inc. (company) — Registrant
- $1,000,000 (dollar_amount) — Loan amount
- March 27, 2024 (date) — Date of agreement
FAQ
What is the interest rate and maturity date of the $1,000,000 loan?
The filing does not specify the interest rate or maturity date of the loan.
Who is the lender for the $1,000,000 loan?
The filing does not disclose the identity of the lender.
What is the intended use of the $1,000,000 loan proceeds?
The filing does not detail the specific use of the loan proceeds.
Are there any specific covenants or conditions associated with this loan agreement?
The filing indicates a material definitive agreement and a direct financial obligation, but does not detail specific covenants or conditions.
When was the loan agreement officially entered into?
The loan agreement was entered into on March 27, 2024.
Filing Stats: 999 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2024-04-03 17:06:41
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value AREB The Nasdaq Stock Mar
- $1,300,000 B — 27, 2024, the Registrant entered into a $1,300,000 Business Loan and Security Agreement (the
- $26,000 — strant received the loan net of fees of $26,000. The Registrant repaid two outstanding
- $769,228 — es to affiliates of the Lender totaling $769,228, resulting in net proceeds to the Regis
- $504,772 — ng in net proceeds to the Registrant of $504,772. The Secured Loan requires 64 weekly pa
- $1,664,000 — $26,000 each, for a total repayment of $1,664,000. The Secured Loan bears interest at 22.
- $15,000 — ured Loan provides for a default fee of $15,000 for any late payments on the weekly pay
- $100,000 — evenue interest from the Registrant for $100,000. As consideration for such payment, c
- $10,000 — nt, the investor has a right to receive $10,000 per month from the Registrant generated
- $140,000 — tion or the Put Option is exercised (i) $140,000 if repurchased on or before May 31, 202
- $154,000 — sed on or before May 31, 2024; and (ii) $154,000 after June 1, 2024; in each case of (i)
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex4-1.htm (EX-4.1) — 180KB
- ex10-1.htm (EX-10.1) — 74KB
- ex4-1_001.jpg (GRAPHIC) — 3KB
- ex10-1_001.jpg (GRAPHIC) — 3KB
- ex10-1_002.jpg (GRAPHIC) — 3KB
- 0001493152-24-013036.txt ( ) — 576KB
- areb-20240327.xsd (EX-101.SCH) — 4KB
- areb-20240327_def.xml (EX-101.DEF) — 26KB
- areb-20240327_lab.xml (EX-101.LAB) — 36KB
- areb-20240327_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: April 3, 2024 By: /s/ Charles A. Ross, Jr. Charles A. Ross, Jr. Chief Executive Officer 4