DelistingMay 13, 2026, 05:02 PM
American Rebel Holdings Delisted from Nasdaq; Q1 Net Loss Widens to $6.85M
AI Summary
American Rebel Holdings Inc. has been delisted from The Nasdaq Capital Market, with trading suspended on May 13, 2026, following the denial of its appeal for continued listing. This action was taken after the company failed to meet minimum bid price and publicly held shares requirements. For the first quarter of 2026, the company reported a widened net loss of $6.85 million, a negative gross margin, and continued to raise substantial doubt about its ability to continue as a going concern.
Key Highlights
- Nasdaq delisting effective May 13, 2026, after appeal for continued listing was denied.
- Net loss widened to $6.85 million in Q1 2026 from $5.06 million in Q1 2025.
- Revenue decreased to $1.99 million in Q1 2026 from $2.51 million in Q1 2025.
- Gross margin turned negative at $(394,045) in Q1 2026, down from $289,054 in Q1 2025.
- Operating loss increased to $4.14 million in Q1 2026 from $2.97 million in Q1 2025.
- Accumulated deficit reached $106.39 million as of March 31, 2026.
- Working capital deficit improved to $(16.70) million as of March 31, 2026, from $(20.32) million.
- Cash and cash equivalents increased to $475,793 as of March 31, 2026, from $147,586.