American Rebel Holdings, Inc. Announces Price of $10.5

NASHVILLE, TN, Feb. 04 2022 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc., (NASDAQ: AREB)(NASDAQ: AREBW) (the “Company”, “American Rebel”, “we”, “us” or “we”), a designer and distributor of branded safes and personal security and self-defense products, today announced pricing for its subscribed public offering of 2,530,121 units (the “Common Units”), at a public price of $4.15 per ordinary unit, for aggregate gross proceeds of approximately $10.5 million, before deducting estimated subscription discounts, commissions and other offering costs. Each Common Unit consists of one common share, with a par value of $0.001 per share (the “Common Shares”) and one warrant to purchase one Common Share (each a “Warrant” and collectively the “Warrants”). subscription”). The Common Shares and Warrants are immediately separable from the Common Units and will be issued and traded separately. The warrants are exercisable immediately, will expire five years from the date of issue and will have an exercise price of $5.1875 per share.

The Company intends to use the net proceeds of this offering to repay various outstanding debts and for general corporate purposes, including working capital, increased research and development expenses and the financing of its growth strategies.

The common stock and warrants have been approved for trading on the Nasdaq Capital Market under the symbols “AREB” and “AREBW”, respectively, and are expected to begin trading on February 7, 2022. Prior to listing on Nasdaq , the common stock of the Company has been listed at the OTCQB level of the OTC Market Group, Inc. under the symbol “AREB”.

As part of this offer, the Company will consolidate its issued and outstanding common shares at a ratio of 1:80. The share consolidation is expected to be effective as of the opening of markets on February 7, 2022. Share count and price information in this release is adjusted to reflect the reverse stock split.

In addition, the Company has granted the underwriters a 45-day option to purchase up to 379,518 common shares and/or additional warrants to purchase 379,518 common shares, or any combination thereof, to hedge over-allotments, if any.

EF Hutton, a division of Benchmark Investments, LLC, is acting as sole bookrunner for the offering. The offering is expected to close on February 9, 2022, subject to customary closing conditions.

A registration statement on Form S-1 (File No. 333-260646) relating to these securities has been filed with the United States Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on February 2022. The offering is being made only by means of a written prospectus which will be filed with the SEC. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, when available, may be obtained from EF Hutton, a division of Benchmark Investments, LLC, at 590 Madison Avenue, 39and Floor, New York, NY 10022, Attention: Syndicate Department, or by email at [email protected] or by phone at (212) 404-7002. Investors may also obtain these materials free of charge by visiting the SEC’s website at https://www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification. under the securities laws of such state or territory.

About American Rebel Holdings, Inc.

American Rebel operates primarily as a designer and marketer of branded safes and personal security and self-defense products. The company also designs and produces branded clothing and accessories. To learn more, visit www.americanrebel.com. For more investor information, visit www.americanrebel.com/investor-relations.

Caution Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ:AREB)(NASDAQ:AREBW) (the “Company”, “American Rebel,” we “, “us” or “we”) wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this disclaimer as part of such safe harbor legislation. The words ” forecast, “believe”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “could”, “target”, “potential”, “is likely”, “will”, “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections regarding future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. This could cause actual results to differ from those set forth in forward-looking statements, including our current reliance on a single manufacturer and supplier for the production of our safes, the ability of our manufacturing partner to meet production demands, our ability to expand our business organization to meet existing needs and new markets we intend to target, our ability to compete effectively in a competitive industry and the risk factors contained in our filings with of the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The forward-looking statement we make herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may arise from time to time and it is impossible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.

Company Contact:

Charles A. Ross, Jr.
CEO
American Rebel Holdings, Inc.
[email protected]

THE SOURCE: American Rebel Holdings, Inc.

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