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American Rebel Holdings (AREB) has provided an update.
American Rebel, Inc. has engaged in a series of financial agreements to bolster its operations. The company secured a Merchant Cash Advance of $357,500 which will be repaid in weekly installments by selling a share of future revenues, including from its subsidiaries. Additionally, it secured a subordinated business loan for $1,312,500, which requires weekly payments until January 2025. Furthermore, a preferred stock conversion with Kingdon Building Inc. has resulted in the conversion of preferred stock into over two million shares of common stock. These strategic financial moves are aimed at strengthening American Rebel’s market position and fueling its growth.
See more data about AREB stock on TipRanks’ Stock Analysis page.