AMERICAN REBEL HOLDINGS INC 8-K
Research Summary
AI-generated summary
American Rebel Holdings Enters Debt-to-Stock Exchanges; Multiple Conversions
What Happened
- American Rebel Holdings (NASDAQ: AREB) filed an 8-K disclosing debt-to-equity exchanges with Streeterville Capital and a series of conversions of Series D Convertible Preferred Stock into common stock following a 1-for-20 reverse split. On February 5, 2026, the company and Streeterville executed two Exchange Agreements that partitioned $330,070 of a previously issued $5,470,000 secured promissory note into new Partitioned Notes, which were exchanged for 253,900 shares of common stock.
- Separately, between January 30 and February 5, 2026 the company completed multiple conversions: holders converted OID promissory notes and Series D preferred shares into Series D or common shares (after the Feb 2 reverse split), including large Streeterville conversions and issuance requests from Silverback Capital Corporation (SCC). The company also furnished a Regulation FD press release on February 4, 2026 about a limited-edition “Patriot Pack” product.
Key Details
- Exchange with Streeterville (Feb 5, 2026): $330,070 partitioned from a $5,470,000 secured note converted into 253,900 common shares.
- Reverse stock split: 1-for-20 reverse split effective February 2, 2026.
- Series D / note conversions (Jan 30–Feb 5, 2026): examples include conversion of $450,000 OID notes into 60,000 Series D shares (Jan 30); Streeterville converted $60,000 of an exchange note into 8,000 Series D (→ 40,000 common); later converted $389,887.50 into 51,985 Series D (→ 259,925 common).
- SCC issuances requested: Feb 4 request for 127,000 common ($126,359); Feb 5 requests for 133,000 ($125,685) and 140,000 (~$104,129.20) common shares.
Why It Matters
- These actions reduce outstanding debt by converting portions of promissory notes into equity and result in new common shares being issued. That can dilute existing common shareholders and change the company’s capital structure.
- The 1-for-20 reverse split reduces the number of outstanding common shares proportionally before many conversions, affecting per‑share metrics and share counts reported going forward.
- The furnished press release is a Regulation FD disclosure of a marketing/product initiative; while not a financial event, it is material to investor communications and public awareness of the brand.
Exhibit furnished: press release titled “250th Anniversary ‘Patriot Pack’” (Exhibit 99.1).