American Rebel (NASDAQ: AREB, AREBW), a designer, manufacturer and marketer of branded safes and personal security and self-defense products, recently announced the closing of its previously disclosed private placement of common stock (or pre-funded warrants in lieu thereof) and warrants. Under the securities purchase agreement, the company sold 686,499 shares of common stock (or pre-funded warrants) and warrants to purchase 686,499 shares of common stock. Each share (or pre-funded warrant) was sold together with accompanying warrants at a combined effective purchase price of $4.37. The warrants are immediately exercisable from the date of issuance at an initial exercise price of $4.24 per share, subject to adjustments therein, and will expire five years from the date of issuance. American Rebel intends to use the net proceeds from the private placement primarily for general working capital and administrative purposes. EF Hutton, division of Benchmark Investments, LLC, acted as exclusive placement agent for the offering.
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About American Rebel Holdings Inc.
American Rebel operates primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products. The company also designs and produces branded apparel and accessories. To learn more, visit www.AmericanRebel.com. For investor information, visit www.AmericanRebel.com/investor-relations.
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