American Rebel (NASDAQ: AREBW) adds consulting deal and new stock
Rhea-AI Filing Summary
American Rebel Holdings reports a new consulting deal and several issuances of unregistered securities. The company entered a Consulting Services Agreement with FMW Media Works under which FMW will provide media and other consulting services for twelve months. As compensation, American Rebel will pay FMW $10,000 per month and has issued 500,000 shares of common stock.
The company also issued and authorized multiple tranches of Series D Convertible Preferred Stock. These include 6,667 shares to Eventus Advisory Group LLC for $50,000 of accrued fees, 20,000 shares to DeMint Law, PLLC for $150,000 of accrued fees, additional shares to MZ Digital, LLC for accrued fees, and 40,000 shares sold to an accredited investor at $7.50 per share for $300,000 in cash. All securities were issued without registration under an exemption for private offerings to accredited or sophisticated investors.
Positive
- None.
Negative
- None.
Insights
American Rebel uses stock for services and raises modest cash privately.
American Rebel Holdings is using its equity to pay service providers while also bringing in some cash through a private sale of preferred stock. The FMW Media Works agreement combines a cash retainer of
The Series D Convertible Preferred Stock issuances largely settle accrued fees to advisory, legal, and digital service providers, plus a cash subscription of 40,000 preferred shares at
FAQ
What consulting agreement did American Rebel (AREBW) enter into?
American Rebel entered a Consulting Services Agreement with FMW Media Works LLC, under which FMW will provide media and other consulting services for a twelve month term.
How is FMW being compensated under the American Rebel (AREBW) consulting deal?
FMW will receive $10,000 per month for twelve months and has been issued 500,000 shares of American Rebel common stock as part of its compensation.
What unregistered securities did American Rebel (AREBW) issue for services?
American Rebel issued 6,667 Series D Convertible Preferred shares to Eventus Advisory Group LLC for $50,000 of accrued fees and 20,000 Series D shares to DeMint Law, PLLC for $150,000 of accrued fees, along with additional Series D shares to MZ Digital, LLC for accrued fees.
Did American Rebel (AREBW) raise cash through preferred stock in this filing?
Yes. American Rebel received a subscription for 40,000 Series D Convertible Preferred shares at $7.50 per share, providing $300,000 in cash from an accredited investor.
Under what exemption were American Rebel (AREBW) securities issued?
The common and Series D Convertible Preferred shares were issued without registration under the Securities Act, relying on the Section 4(a)(2) exemption for private offerings to accredited or sophisticated investors.
Who received American Rebel (AREBW) Series D Convertible Preferred Stock?
Recipients include Eventus Advisory Group LLC, DeMint Law, PLLC, MZ Digital, LLC, and an accredited investor who subscribed for 40,000 Series D shares for cash.