American Rebel Announces Reverse Split to Meet Nasdaq Standards

American Rebel Holdings ( (AREB) ) has shared an update.

American Rebel Holdings, Inc. has announced a reverse stock split of its common stock at a 1-for-9 ratio, effective at the start of trading on October 2, 2024, to comply with Nasdaq’s minimum bid price requirement. The split will reduce outstanding shares from approximately 9.2 million to about 1.02 million, with fractional shares rounded up to the nearest whole number. The company’s stock will continue to trade under the ticker “AREB” with a new CUSIP number, and the action will proportionately adjust exercise prices and number of derivatives for outstanding derivative securities.

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