American Rebel Holdings Inc (AREB) has provided an announcement.
On May 13, 2024, a significant transaction occurred when a company, referred to as the Registrant, entered into an agreement with Kingdom Building, Inc., exchanging a previous revenue agreement for 133,334 shares of a new Series D Convertible Preferred Stock. This newly designated stock comes with specific rights and conversion options, including a conversion price set at $1.50 per share and conditions for forced conversion if the common stock price reaches or exceeds $2.25. Additionally, the company has been active in communicating with investors, issuing press releases regarding participation in a global conference and the appointment of a new partner firm. These announcements, however, come with the standard disclaimer about forward-looking statements and their inherent risks.
Find detailed analytics on AREB stock on TipRanks’ Stock Analysis page.
