American Rebel Holdings Inc (AREB) has shared an update.
An accredited investor acquired a revenue interest from a company for $500,000, with the deal entitling them to $50,000 monthly payments from June 2024. The company retains the option to repurchase this interest at a scaled price, depending on the timing, with the potential of a public offering triggering a mandatory buyback. Simultaneously, the company is under scrutiny from Nasdaq for not meeting the minimum bid price requirement but has been granted an additional 180 days to rectify this issue. Amidst these financial maneuvers, the company is expanding its market presence, announcing distribution agreements for its American Rebel Beer in Kansas and Tennessee, and hosting webinars to discuss public offerings and product launches.
For a thorough assessment of AREB stock, go to TipRanks’ Stock Analysis page.
