Loan & DebtJul 21, 2026, 03:17 PM
American Rebel Secures $124.2K Loan; Converts $330K Debt to Equity
AI Summary
American Rebel Holdings Inc. secured a new $124,200 promissory note from 1800 Diagonal Lending, LLC, receiving net proceeds of $100,000 after original issue discount and fees. The note is repayable in ten installments totaling $147,487 and includes a default clause allowing conversion into common stock at a 25% discount. Additionally, the company restructured existing debt with Streeterville Capital, LLC, converting $330,000 of principal from a prior note into 1,652,254 shares of common stock.
Key Highlights
- Secured a new promissory note from 1800 Diagonal Lending for $124,200 principal.
- Net proceeds from the 1800 Diagonal Lending note were $100,000 after discounts and fees.
- Total payback for the 1800 Diagonal Lending note is $147,487 over ten payments.
- Default on the 1800 Diagonal note allows conversion to common stock at a 25% discount.
- Partitioned two new notes totaling $330,000 from an existing Streeterville Capital note.
- Exchanged the $330,000 partitioned notes for 1,652,254 shares of common stock.
- The original Streeterville Capital note from July 2025 was for $6,235,000.
Price Impact
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