American Rebel Holdings Launches 1-for-9 Reverse Stock Split
American Rebel Holdings Implements 1-for-9 Reverse Stock Split
American Rebel Holdings, Inc. (NASDAQ: AREB), a brand known for its patriotic themes, has successfully implemented a 1-for-9 reverse stock split which will affect shareholders starting October 2, 2024. This strategic move is aimed at ensuring the company's compliance with the minimum bid price requirement for continued listing on the Nasdaq exchange.
Details of the Stock Split
The reverse stock split entails that for every nine shares held, shareholders will receive one new share. This will effectively reduce the total number of outstanding shares from approximately 9.5 million down to around 1.06 million. As a result of this split, the company hopes to enhance its stock price, which is crucial for maintaining its Nasdaq listing under the ticker symbol "AREB".
New CUSIP Number and Company Shares
The new CUSIP number will be 02919L505 following the split. This adjustment is essential for investors to follow their shares accurately. Fractional shares resulting from the split will not be issued; instead, these will be rounded up to ensure each shareholder receives a whole share, maintaining their investment integrity.
Effects on Derivative Securities
The reverse stock split will also affect the Company’s derivative securities. Adjustments will be made to the exercise prices and the number of derivatives associated with these securities. This ensures that all financial instruments align with the new share structure post-split.
The Role of Securities Transfer Corporation
Securities Transfer Corporation has been designated as the exchange agent for this reverse stock split, streamlining the process for shareholders. Those holding shares in book-entry form or within brokerage accounts will not need to take any action, simplifying the transition for investors.
Communication with Shareholders
For those shareholders with certificates, Securities Transfer Corporation will provide specific instructions regarding how they can exchange their pre-split certificates for the new shares. Investors are encouraged to reach out to their respective banks or brokers for any questions relating to the process, ensuring they remain informed and well-guided.
About American Rebel Holdings, Inc.
American Rebel Holdings has diversified its offerings beyond its origins in designing and marketing personal security products. Recently, the company has made a substantial entry into the beverage industry with the launch of American Rebel Beer through its subsidiary, American Rebel Beverages, LLC. This expansion illustrates the company’s commitment to growing its brand presence in new markets while continuing to deliver quality products to its customer base.
Future Outlook
As American Rebel Holdings navigates these changes, it remains focused on its strategic goals, including expanding its beverage line and enhancing its market presence. The reverse stock split is anticipated to provide the necessary boost to meet shareholder expectations and improve its standing in the competitive landscape.
Frequently Asked Questions
What is a reverse stock split?
A reverse stock split is a process where a company reduces the number of its outstanding shares, resulting in a higher share price. This is often done to meet minimum price requirements of stock exchanges.
Why did American Rebel Holdings conduct a reverse stock split?
The reverse stock split was undertaken to help the company comply with Nasdaq's minimum bid price requirement of $1.00 per share, ensuring their continued listing on the exchange.
How will the stock split affect my shares?
If you hold shares, they will be consolidated according to the split ratio. For every nine shares you own, you will receive one new share, while fractional shares will be rounded up.
Who can I contact for more information about this?
For any inquiries regarding the reverse stock split, you can contact Securities Transfer Corporation or your bank/broker for assistance and guidance on the process.
What new CUSIP number will be issued?
The new CUSIP number for American Rebel Holdings post-reverse stock split is 02919L505, which investors should use for reference in their records.
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