American Rebel Holdings regains NASDAQ compliance after filing FY2024 Q3 financials, reinforcing its commitment to shareholders.
Quiver AI Summary
American Rebel Holdings, Inc. has announced that it has regained compliance with NASDAQ's periodic filing requirements. This recovery follows the timely filing of its FY2024 3rd Quarter financial report. CEO Andy Ross expressed gratitude to the accounting teams for their efforts, particularly highlighting CFO Darin Fielding's role in coordinating with auditors to secure compliance. The company faced a notification from NASDAQ on November 22, 2024, regarding non-compliance due to the delayed filing. Following this, American Rebel submitted the necessary documentation and was confirmed compliant as of February 10, 2025. The company plans to provide a stockholder update highlighting its growth in both its beverage segment and improvements at Champion Safe Co.
Potential Positives
- American Rebel Holdings, Inc. has regained compliance with NASDAQ's listing rules, which is crucial for maintaining its market presence and stockholder confidence.
- The company successfully filed its FY2024 3rd Quarter financials, showing a revenue of over $2.3 million for that quarter and nearly $9.6 million for the year-to-date, indicating financial growth.
- The press release highlights the dedication of both internal and external teams, showcasing effective collaboration that contributed to maintaining listing compliance.
- Upcoming stockholder updates are planned, which will detail the company's growth and progress, indicating a commitment to transparency and engagement with investors.
Potential Negatives
- The company failed to meet NASDAQ's periodic listing requirements prior to regaining compliance, indicating potential issues with financial reporting or management oversight.
- The press release mentions a specific timeline of compliance efforts, which may highlight a lack of operational efficiency within the company's financial reporting process.
- While the company regained compliance, the need for a formal reinstatement plan shows it was at risk of being delisted, which could negatively affect investor confidence.
FAQ
What does American Rebel Holdings, Inc. do?
American Rebel Holdings, Inc. designs, manufactures, and markets branded safes, personal security products, and recently launched American Rebel Beer.
When did American Rebel regain NASDAQ compliance?
American Rebel regained NASDAQ compliance on February 10, 2025, after filing its FY2024 3rd Quarter 10-Q.
What were the revenues reported for FY2024 3rd Quarter?
American Rebel reported revenues of $2,337,786 for the three months and $9,637,016 for the nine months ended September 30, 2024.
Who contributed to American Rebel's NASDAQ compliance efforts?
Darin Fielding, CFO of Champion Safe Co., played a key role alongside internal and external accounting teams in regaining compliance.
What future updates can investors expect from American Rebel?
Investors can anticipate a stockholder update from CEO Andy Ross detailing business progress and growth in upcoming weeks.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AREB Hedge Fund Activity
We have seen 7 institutional investors add shares of $AREB stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CROSS STAFF INVESTMENTS INC removed 61,840 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $111,930
- HRT FINANCIAL LP removed 44,386 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $35,508
- VIRTU FINANCIAL LLC removed 41,643 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $33,314
- GEODE CAPITAL MANAGEMENT, LLC removed 26,124 shares (-79.2%) from their portfolio in Q3 2024, for an estimated $20,899
- SIGNATURE ESTATE & INVESTMENT ADVISORS LLC added 24,260 shares (+inf%) to their portfolio in Q3 2024, for an estimated $19,408
- TOWER RESEARCH CAPITAL LLC (TRC) removed 17,994 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $14,395
- XTX TOPCO LTD removed 10,756 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $8,604
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Nashville, Tennessee, Feb. 11, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), creator of American Rebel Beer ( americanrebelbeer.com ) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel ( americanrebel.com ), is pleased to announce that it has regained compliance with the periodic filing requirement under NASDAQ’s listing rules.
“Maintaining our NASDAQ listing is of utmost importance to our Company and our stockholders. I would like to extend my deepest gratitude to our internal and external accounting teams for their tireless efforts in ensuring our ability to file our FY2024 3 rd Quarter financials that allowed American Rebel to regain compliance with NASDAQ’s listing rules.” Andy Ross, CEO of American Rebel, further commented, “The dedication and hard work of Darin Fielding, CFO of our wholly owned subsidiary, Champion Safe Co., who emerged as our regulatory lead due to his previous auditor experience was instrumental in the coordination between our independent auditors, GBQ and Eventus Advisory Group’s seasoned team of public company accounting professionals.”
Timeline of NASDAQ Compliance Efforts
| November 14, 2024 | FY2024 3 rd Quarter 10Q due |
| November 22, 2024 | Company notification by NASDAQ that it no longer met the perioding listing requirement due to the inability to file the FY2024 3 rd Quarter 10Q |
| January 21, 2025 | Deadline for American Rebel Holdings, Inc. to submit a plan to NASDAQ to regain compliance with the listing requirements |
| February 7, 2025 | American Rebel Holdings, Inc. files Form 10-Q for the period ended September 30, 2024. |
| Revenue for the three (3) months ended September 30, 2024 of $2,337,786.00 | |
| Revenue for the nine (9) months ended September 30, 2024 of $9,637,016.00 | |
| February 10, 2025 | American Rebel Holdings, Inc. is notified by NASDAQ Staff that with the February 7, 2025 filing of the 10-Q for the period ended September 30, 2024, that the Company is deemed compliant with the NASDAQ Listing Rules. |
In the coming weeks, the Company is planning on providing a brief stockholder update from its CEO, Andy Ross, detailing the progress made in our business units throughout last year. This update will highlight the rapid growth and success American Rebel has experienced in our American Rebel Beverage business unit responsible for American Rebel Light Beer and the positive impacts of the reorganization and streamlining of our product offerings and processes at Champion Safe Co. ( www.championsafe.com ).
About American Rebel Holdings, Inc.
American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit
www.americanrebel.com
and
www.americanrebelbeer.com.
For investor information, visit
www.americanrebel.com/investor-relations.
American Rebel Holdings, Inc.
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” "American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, continued compliance with Nasdaq listing requirements, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
Company Contact:
Corey Lambrecht, COO
[email protected]
