RegulatoryApr 9, 2026, 03:11 PM
AMERICAN REBEL HOLDINGS Issues 3.2M Shares Post 1-for-100 Reverse Split, Faces Nasdaq Delisting Risk with Only 247K Publicly Held Shares
AI Summary
AMERICAN REBEL HOLDINGS INC (AREB) completed a 1-for-100 reverse stock split on March 23, 2026. Following this, the company issued 3,218,299 shares of common stock on April 6, 2026, to CEDE & Co. to facilitate round lot share rounding for stockholders. The company now has 3,451,665 shares of common stock issued and outstanding. This reverse split, however, has led to a Nasdaq deficiency, as the company's publicly held shares now stand at approximately 247,279, falling short of the minimum 500,000 Publicly Held Shares requirement under Listing Rule 5550(a)(4). This non-compliance also affects its ability to meet the minimum $1 bid price requirement.
Key Highlights
- On March 23, 2026, AMERICAN REBEL HOLDINGS INC effectuated a 1-for-100 reverse stock split.
- On April 6, 2026, the company issued 3,218,299 shares of common stock to CEDE & Co. for distribution related to round lot share rounding from the reverse split.
- The company currently has 3,451,665 shares of common stock issued and outstanding.
- Post-reverse split, the company's publicly held shares are approximately 247,279, which is below Nasdaq's minimum 500,000 Publicly Held Shares requirement (Listing Rule 5550(a)(4)).
- This deficiency also means the company remains non-compliant with the minimum $1 bid price requirement (Listing Rule 5810(c)(3)(A)) until the publicly held shares deficiency is cured and the bid price standard is met for 10 consecutive business days.