Corporate ActionApr 29, 2026, 05:21 PM
AREB Nasdaq Trading Resumes; Light Beer Sales Up 40%; Issues $270K Note
AI Summary
American Rebel Holdings announced the resumption of Nasdaq trading for its common stock and warrants on April 27, 2026, following a halt due to a Publicly Held Shares deficiency. The company believes a recent issuance of 3,218,299 shares to CEDE & Co. cured this deficiency. Separately, its American Rebel Light Beer significantly outperformed competitors at the NHRA Gatornationals, outselling other beers by 40%. The company also issued a $270,000 OID Note with a 7.5% interest rate, maturing on April 6, 2028.
Key Highlights
- Nasdaq trading for AREB and AREBW resumed on April 27, 2026, after a halt since March 20, 2026.
- Company issued 3,218,299 common shares to CEDE & Co. to cure Nasdaq Publicly Held Shares deficiency.
- American Rebel Light Beer outsold all other beers at NHRA Gatornationals by 40%.
- Beer sales outperformed a top national brand by 600% and its light version by 150%.
- Issued an OID Note with a gross principal amount of $270,000 and a 7.5% annual interest rate.
- The 1-for-100 reverse stock split became effective on March 23, 2026.
- Company's common shares issued and outstanding are 4,132,655.
- Approximately 86% of 33,908 beneficial shareholders held under 250 shares.
Price Impact
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