2023-06-26 13:18:18 ET
-
American Rebel ( NASDAQ: AREB ) will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-25, the company said on Monday.
-
The reverse stock split will be effective as of 12:00 a.m. Eastern Time on June 27, 2023.
-
Following the reverse stock split, the common stock will continue to trade on Nasdaq under the symbol “AREB” with the new CUSIP number, 02919L307.
- The reverse stock split will reduce the number of issued and outstanding shares from about 16.9 million to about 677 thousand.
- Press Release .
For further details see:
American Rebel to effect 1-for-25 reverse stock split