AMERICAN REBEL HOLDINGS Issues 3.2M Shares Post 1-for-100 Reverse Split, Faces Nasdaq Delisting Risk with Only 247K Publicly Held Shares
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.