American Rebel announces 1-for-9 reverse stock split

American Rebel announced that it will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-9, to be effective as of 12:00 a.m. Eastern Time on October 2, 2024. The company’s common stock will begin trading on a reverse stock split-adjusted basis at the opening of The Nasdaq Capital Market on Wednesday, October 2, 2024. Following the reverse stock split, the common stock will continue to trade on Nasdaq under the symbol “AREB” with the new CUSIP number, 02919L505. The reverse stock split is intended for the company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on Nasdaq.