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American Rebel Holdings increases authorized common stock to 10 billion shares and issues equity in debt conversions
AREBAmerican Rebel Holdings Inc
The company implemented a stockholder-approved amendment increasing its authorized common stock from 600 million to 10 billion shares. Concurrently, it completed several unregistered equity issuances: converting $51,000 of preferred stock into 1,508,876 common shares for Horberg Enterprises; exchanging a partitioned note balance for 1,377,777 shares with Streeterville Capital at $0.045 per share; and issuing 1.5 million shares to Silverback Capital as payment. The firm operates in the cannabis industry.