- American Rebel stated that its common stock and warrants will trade on an ex-reverse split basis on March 23, 2026.
- The company added that the reverse stock split is intended to help its shares be more eligible for trading on certain platforms.
- The reverse stock split will reduce the number of issued and outstanding shares from approximately 24.8 million to approximately 247,988.
American Rebel Holdings Inc. (AREB) shares plummeted more than 40% in Thursday’s opening trade, with the stock hitting a new 52-week low.
This comes after the company announced a 1-for-100 reverse stock split of its outstanding common stock and publicly traded warrants. American Rebel stated that its common stock and warrants will trade on an ex-reverse split basis on March 23, 2026.
Why Did American Rebel Announce Reverse Stock Split?
American Rebel stated that the reverse stock split is intended to help the company’s shares be more eligible for trading on certain platforms. This will improve the stock’s marketability, the company said.
It also noted that this move is intended to ensure compliance with the minimum bid price requirement of $1 per share of common stock for continued listing on Nasdaq. American Rebel’s stock was scheduled for a Nasdaq delisting hearing on March 24, 2026, as disclosed by the company in February.
The reverse stock split will reduce the number of issued and outstanding shares from approximately 24.8 million to approximately 247,988, the company said.
This comes after American Rebel shareholders approved a reverse stock split of up to 1-for-250 shares on Jan. 13, 2026.
How Did Stocktwits Users React?
Retail sentiment on Stocktwits around American Rebel was in the ‘bearish’ territory at the time of writing.
AREB stock is down 99.5% year-to-date.
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