American Rebel (NASDAQ: AREB) boosts Series D preferred shares, fixes Form 4 error
Rhea-AI Filing Summary
American Rebel Holdings, Inc. filed a current report describing a change to its preferred stock and a correction to a prior insider trading report. Effective September 24, 2025, the board amended the certificate of designation for its Series D Convertible Preferred Stock to increase the number of authorized Series D shares from 500,000 to 3,000,000. The amended certificate is included as an exhibit.
The company also disclosed that a previously filed Form 4 for President/COO and director Corey Lambrecht contained a clerical error. The Form 4 had incorrectly listed the price per share for a sale of 175,000 common shares as $202,387.42, instead of the correct price of $1.16 per share, which produced aggregate gross proceeds of $202,387.42. The company states that this mistake did not affect the substance of the transaction or its financial position, and it is amending the Form 4 while confirming that no other transactions were affected.
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8-K Event Classification
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FAQ
What change did American Rebel Holdings (AREB) make to its Series D Convertible Preferred Stock?
The board of American Rebel Holdings, Inc. approved an amendment to the certificate of designation for its Series D Convertible Preferred Stock, effective September 24, 2025. This amendment increases the number of authorized Series D preferred shares from 500,000 to 3,000,000. The amended certificate of designation is filed as Exhibit 4.1.
What Form 4 reporting error did AREB disclose in this 8-K?
The company reported an administrative error in a prior Form 4 related to the sale of 175,000 shares of common stock by Corey Lambrecht, its President/COO and a director. The original Form 4 incorrectly showed the price per share as $202,387.42. The correct price per share was $1.16, and the correct aggregate gross proceeds were $202,387.42.
Did the Form 4 price error affect American Rebel Holdings' financial position?
According to the company, the misstatement of the price per share on the earlier Form 4 arose from a clerical mistake and did not affect the substance of the transaction or any material aspects of American Rebel Holdings' financial position.
How is American Rebel Holdings responding to the Form 4 error?
The company states that it has taken steps to amend the Form 4 with the Securities and Exchange Commission to correct the per-share price. It also confirms that no other transactions were impacted and notes that this disclosure is being made under Regulation FD to ensure fair disclosure to all investors.
What exhibits are included with American Rebel Holdings' latest 8-K filing?
The filing lists an exhibit for the Amended Certificate of Designation of Series D Convertible Preferred Stock dated September 24, 2025, identified as Exhibit 4.1. It also references the Cover Page Interactive Data File as Exhibit 104.