Loan & DebtAug 7, 2026, 02:52 PM
AMERICAN REBEL Holdings Secures $135K Convertible Note
AI Summary
AMERICAN REBEL Holdings Inc. secured a Convertible Promissory Note for $135,000 from GS Capital Partners, LLC, resulting in net proceeds of $121,500. The Note matures on July 31, 2027, and is convertible into common stock at 75% of the lowest trading price over five days. As part of the agreement, the company issued 59,000 shares as a commitment fee and reserved up to 3,701,799 shares for future conversions. Additionally, the company issued 500,000 shares to Silverback Capital Corporation.
Key Highlights
- Company entered a Securities Purchase Agreement with GS Capital Partners for a Convertible Promissory Note.
- Note has an original principal amount of $135,000, with net proceeds of $121,500 to the company.
- The Note matures on July 31, 2027, with principal payments in seven installments of $22,178.57.
- Conversion price is 75% of the lowest trading price during the five trading days prior to conversion.
- Company issued 59,000 common shares to GS Capital Partners as a commitment fee for the Note.
- Up to 3,701,799 shares are estimated to be reserved for conversion of the Note.
- Company issued 500,000 shares of Common Stock to Silverback Capital Corporation for approximately $65,700.
Price Impact
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