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HRT Financial LP, a ten percent owner of American Rebel Holdings Inc. (NASDAQ:AREB), recently executed a series of transactions involving the company's Class A shares. These trades come as AREB's stock shows significant volatility, with a 44.67% surge over the past week despite an overall weak financial health score according to InvestingPro analysis. On April 7, HRT Financial LP sold 181,652 shares at an average price of $13.31, totaling approximately $2.42 million. Prior to this sale, on April 4, the firm acquired 230,223 shares at a price of $12.06 each, amounting to a total of about $2.78 million.
Additionally, HRT Financial LP was involved in transactions concerning warrants of American Rebel Holdings. On April 4, the firm acquired one warrant at a nominal price, followed by the purchase of 13,832 warrants on April 7, each at $0.04. These transactions reflect HRT Financial's active management of its investment in American Rebel Holdings, which currently has a market capitalization of $0.9 million and is scheduled to report earnings on April 11.
In other recent news, American Rebel Holdings reported revenues of $2.3 million for the third quarter ending September 30, 2024, and $9.6 million for the first nine months of the fiscal year. The company successfully filed its overdue Q3 financial report, regaining compliance with NASDAQ's periodic filing requirements. American Rebel has also announced a private placement deal expected to generate approximately $2.5 million in gross proceeds, with H.C. Wainwright & Co. serving as the exclusive placement agent. The transaction includes the sale of common stock shares and warrants, with potential additional proceeds of $8.5 million if the warrants are fully exercised.
Additionally, American Rebel declared a 1-for-25 reverse stock split, effective March 31, 2025, aimed at improving the stock's marketability and compliance with NASDAQ's requirements. This move will reduce the number of issued and outstanding shares from approximately 15 million to about 600 thousand. In another development, American Rebel Light Beer has expanded its online availability to 40 U.S. states through a partnership with Bevstack. This expansion allows the company to reach a broader audience and further diversify its offerings in the beverage industry.
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