India, March 27 -- American Rebel Holdings, Inc. (AREB) Thursday has announced a 1-for-25 reverse stock split of its common shares, effective at 12:00 a.m. Eastern Time on March 31, 2025.
The company's stock will begin trading on a split-adjusted basis on Nasdaq under the symbol "AREB" with a new CUSIP number (02919L604).
The reverse split aims to enhance stock marketability and maintain compliance with Nasdaq's minimum $1.00 bid price requirement. It will reduce outstanding shares from approximately 15 million to 600,000, excluding additional shares issued under the company's round lot protection policy.
AREB is currently trading at $0.0961 or 29.3382% lower on the Nasdaq Capital Market.
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