NASHVILLE, TN , Feb. 04, 2022 (GLOBE NEWSWIRE) — American Insurgent Holdings, Inc., (NASDAQ:AREB)(NASDAQ:AREBW) (the “Agency,” “American Insurgent,” “we,” “our” or “us”), a designer and marketer of branded protecteds And private safety, and self-protection merchandise, introduced right now the pricing of its beneathwritten public offering Of two,530,121 models (the “Widespread Units”), at a worth to The general public of $4.15 per Widespread Unit, for combination gross proceeds Of roughly $10.5 million, Earlier to deducting beneathwriting reductions, commissions, and completely different estimated offering funds. Every Widespread Unit consists Of 1 share of common inventory, par worth $0.001 per share (the “Widespread Stock”), and one warrant To buy one share of Widespread Stock (each a “Warrant” and collectively the “Warrants”). The Widespread Stock and Warrants are immediately separable from the Widespread Units and Shall be issued and traded individually. The Warrants are exercisable immediately, expire 5 yrs from the date of issuance And ought to have an practice worth of $5.1875 per share.
The company intends To make the most of The internet proceeds from this offering to repay numerous excellent indebtedness and for common company features, collectively with working capital, elevated evaluation and enchancment expenditures and funding its progress strategies.
The Widespread Shares and Warrants have been accredited to itemizing on the Nasdaq Capital Market beneath the pictures “AREB” and “AREBW,” respectively, and are anticipated To start buying and promoting on February 7, 2022. Prior to the Nasdaq itemizinging, the Agency’s Widespread Shares have been itemizinged on the OTCQB tier of the OTC Market Group, Inc. beneath the picture “AREB.”
In Reference to this offering, the Agency will effectuate a reverse Chop up of its issued and excellent Widespread Shares at a ratio of 1-for-80. The reverse inventory splIt is anticipated to be efficient as of the open of buying and promoting on February 7, 2022. The share numbers and pricing information On this launch are adjusted To mirror the reverse inventory Chop up.
As properly as, the Agency has granted the beneathwriters A forty 5-day Selection To buy As a lot as An further 379,518 Widespread Shares and/or Warrants To buy 379,518 Widespread Shares, or any combination thereof, to cowl over-allotments, if any.
EF Hutton, division of Benchmark Investments, LLC, is appearing as sole e-book-working supervisor for the offering. The offering Is predicted To close on February 9, 2022, topic to customary closing situations.
A registration assertion on Type S-1 (File No. 333-260646) Referring to these securities has been filed with the U.S. Securities and Commerce Fee (the “SEC”) and declared efficient by the SEC on February 4, 2022. The offering is being made solely By way of a written prospectus that Shall be filed with the SEC. A written prospectus meeting The requirements of Part 10 of the Securities Act of 1933, as amended, when out there, Might Even be obtained from EF Hutton, division of Benchmark Investments, LLC, at 590 Madison Avenue, 39th Flooring, Ny, NY 10022, Consideration: Syndicate Division, or via e-mail at [email protected] or telephone at (212) 404-7002. Buyers Can furtherly obtaInside these paperwork Freed from cost of cost by go toing the SEC’s internet website at https://www.sec.gov.
This press launch shall not recurrent A suggestion to promote or a solicitation of A suggestion To buy, nor shall there be any sale Of these securities in any state or jurisdiction By which such A suggestion, solicitation or sale Can be unregulationful Earlier to registration or qualification beneath the securities regulations of any such state or jurisdiction.
About American Insurgent Holdings, Inc.
American Insurgent operates primarily as a designer and marketer of branded protecteds And private safety and self-protection merchandise. The company furtherly designs and produces branded attire and equipment. To study extra, go to www.americanrebel.com. For investor information, go to www.americanrebel.com/investor-relations.
Cautionary Notice Relating to Forward-Wanting Statements:
This press launch incompanys forward-looking assertions Contained in the which Method of the Private Securities Litigation Reform Act of 1995. American Insurgent Holdings, Inc., (NASDAQ:AREB)(NASDAQ:AREBW) (the “Agency,” “American Insurgent,” “we,” “our” or “us”) wishes To revenue from the protected harbor provisions of the Private Securities Litigation Reform Act of 1995 and is collectively with this cautionary assertion in Reference to this protected harbor legal guidelines. The phrases “forecasts” “think about,” “might,” “estimate,” “proceed,” “anticipate,” “intend,” “ought to,” “plan,” “could,” “goal,” “potential,” “Is in all probcapability going,” “will,” “anticipate” and comparable expressions, as they relate to us, are meant to decide forward-looking assertions. We now have based mostly these forward-looking assertions Totally on our current anticipateations and projections about future occasions and monetary tendencies that we think about might have an effect on our monetary situation, end outcomes of operations, enterprise strategy, and monetary wants. Important elements That would set off exact end outcomes To vary from these Inside the forward-looking assertions embrace our current reliance on a sole producer and supplier for the manufacturing of our protecteds, our manufacturing companion’s capability To fulfill manufacturing calls for, our capability to increase our gross sales group To deal with current and new markets that we intend To focus on, our capability to effectively compete in a aggressive enterprise, and The hazard Factors contained within our filings with the SEC, collectively with our Annual Report on Type 10-K for the yr ended December 31, 2020. Any forward-looking assertion made by us herein speaks solely as of the date on which It is made. Factors or occasions That would set off our exact end outcomes To vary might emerge As quickly as Shortly, and It is not potential for us To foretell all of them. We beneathtake no obligation to publicly replace any forward-looking assertions, whether or not As a Outcome of Of latest information, future enchancments or completely differentwise, besides as Might Even be required by regulation.
Charles A. Ross, Jr.
American Insurgent Holdings, Inc.
Supply: American Insurgent Holdings, Inc.