American Rebel (NASDAQ: AREB, AREBW), a designer, manufacturer and marketer of branded safes and personal security and self-defense products, recently announced the closing of its previously disclosed private placement of common stock (or pre-funded warrants in lieu thereof) and warrants. Under the securities purchase agreement, the company sold 686,499 shares of common stock (or pre-funded warrants) and warrants to purchase 686,499 shares of common stock. Each share (or pre-funded warrant) was sold together with accompanying warrants at a combined effective purchase price of $4.37. The warrants are immediately exercisable from the date of issuance at an initial exercise price of $4.24 per share, subject to adjustments therein, and will expire five years from the date of issuance. American Rebel intends to use the net proceeds from the private placement primarily for general working capital and administrative purposes. EF Hutton, division of Benchmark Investments, LLC, acted as exclusive placement agent for the offering.
To view the full press release, visit https://ibn.fm/zgvHL
About American Rebel Holdings Inc.
American Rebel operates primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products. The company also designs and produces branded apparel and accessories. To learn more, visit www.AmericanRebel.com. For investor information, visit www.AmericanRebel.com/investor-relations.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork
