American Rebel Holdings Faces Delisting Notice, Enters New Agreement
Ticker: AREBW · Form: 8-K · Filed: Apr 23, 2024 · CIK: 1648087
Sentiment: mixed
Topics: material-agreement, delisting-notice, financial-obligation
Related Tickers: AREB
TL;DR
ARBH got a delisting warning AND signed a new deal on 4/18. Big uncertainty.
AI Summary
On April 18, 2024, American Rebel Holdings, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company also issued a notice regarding its potential delisting or failure to meet continued listing rules, alongside a Regulation FD disclosure and financial statements. Specific details on the agreement and financial obligations are not provided in this summary.
Why It Matters
This filing indicates potential financial distress or significant changes for American Rebel Holdings, Inc., which could impact its stock market status and investor confidence.
Risk Assessment
Risk Level: high — The notice of delisting or failure to satisfy continued listing rules presents a significant risk to the company's public trading status.
Key Numbers
- 001-41267 — SEC File Number (Identifies the company's filings with the SEC.)
Key Players & Entities
- AMERICAN REBEL HOLDINGS, INC. (company) — Registrant
- April 18, 2024 (date) — Date of earliest event reported
- 001-41267 (company) — SEC File Number
- NV (state) — State of Incorporation
- Nashville, TN (location) — Business Address City and State
FAQ
What is the nature of the material definitive agreement entered into by American Rebel Holdings, Inc. on April 18, 2024?
The filing states that American Rebel Holdings, Inc. entered into a material definitive agreement on April 18, 2024, but the specific details of this agreement are not elaborated upon in the provided text.
What specific financial obligation was created by American Rebel Holdings, Inc. on April 18, 2024?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement by American Rebel Holdings, Inc. on April 18, 2024, but the exact nature and amount are not detailed.
What is the reason for the notice of delisting or failure to satisfy continued listing rules for American Rebel Holdings, Inc.?
The filing mentions a notice of delisting or failure to satisfy a continued listing rule or standard for American Rebel Holdings, Inc., but the specific rule or standard not met is not detailed in the provided text.
What is the company's primary business as indicated by its SIC code?
American Rebel Holdings, Inc. is classified under SIC code [3490] MISCELLANEOUS FABRICATED METAL PRODUCTS.
When was American Rebel Holdings, Inc. formerly known as Cubescape Inc.?
The company's name was changed from Cubescape Inc. on July 14, 2015.
Filing Stats: 1,356 words · 5 min read · ~5 pages · Grade level 12.6 · Accepted 2024-04-23 17:26:48
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value AREB The Nasdaq Stock Mar
- $500,000 — evenue interest from the Registrant for $500,000. As consideration for such payment, c
- $50,000 — nt, the investor has a right to receive $50,000 per month from the Registrant generated
- $770,000 — tion or the Put Option is exercised (i) $770,000 if repurchased on or before May 31, 202
- $700,000 — sed on or before May 31, 2024; and (ii) $700,000 after June 1, 2024; in each case of (i)
- $1.00 — , par value $0.001 per share, was below $1.00 per share for the thirty-three (33) con
- $1 — d price of the common stock is at least $1 per share for a minimum of 10 consecuti
Filing Documents
- form8-k.htm (8-K) — 54KB
- ex10-1.htm (EX-10.1) — 75KB
- ex99-1.htm (EX-99.1) — 17KB
- ex99-2.htm (EX-99.2) — 16KB
- 0001493152-24-015722.txt ( ) — 403KB
- areb-20240418.xsd (EX-101.SCH) — 4KB
- areb-20240418_def.xml (EX-101.DEF) — 26KB
- areb-20240418_lab.xml (EX-101.LAB) — 36KB
- areb-20240418_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 23, 2024 By: /s/ Charles A. Ross, Jr. Charles A. Ross, Jr. Chief Executive Officer 4