The Hinterland financing provides near-term cash but at a very high cost (12% interest, 10% OID, and a conversion discount of 20% for the first tranche). The concurrent share exchanges add further dilution. Monitor the company's ability to service this debt and avoid triggering the numerous events of default, particularly the $1M minimum market capitalization covenant, given the stock's high volatility.
Price Chart
Executive Summary
American Rebel Holdings entered into a financing arrangement with Hinterland Partners LLC for up to $50 million in convertible note principal ($45 million purchase price), with an initial $500,000 principal tranche funded at $450,000. Separately, the company exchanged preferred stock and a secured note for common shares with Horberg Enterprises and Streeterville Capital, issuing approximately 2.1 million shares. The filing also notes an amendment to the Series D preferred stock certificate of designation adding a beneficial ownership limitation.
Key Financial Metrics
Key Facts
- Hinterland Partners financing: up to $50M principal convertible note, $45M purchase price, with $500K first tranche funded at $450K (net of fees).
- Conversion price for the first tranche is 80% of the lowest VWAP over the prior 7 trading days; subsequent tranches at 85%.
- Company issued 13,334 Series D preferred shares to Hinterland as additional consideration for the first tranche.
- Horberg Enterprises exchanged 6,800 Series D preferred shares for 51 Series E shares, then exchanged those for 1,104,853 common shares.
- Streeterville Capital exchanged a $65,000 partitioned note for 990,853 common shares.
- Silverback Capital Corporation received 500,000 common shares as payment of approximately $17,100.
- Company amended Series D preferred stock certificate of designation to add a 4.99% beneficial ownership limitation.
- As of September 25, 2026, the company reported approximately $5.89 million in restricted cash under existing secured financing arrangements.
Financial Impact
Dilution of approximately 2.6 million shares from exchanges and preferred issuance; new $500K debt tranche with heavy OID and onerous conversion terms; restricted cash of $5.89M not available for general corporate use.
Risk Factors
- Significant potential dilution from the convertible note (conversion at a discount to market) and the large share reserve requirement (56 million shares).
- The note contains numerous events of default, including a minimum market cap of $1M, which could trigger acceleration at 150% of principal.
- Restricted cash of $5.89M limits actual liquidity; the company is raising expensive capital despite this.
- The 180-day conversion lock-up and staggered conversion milestones may pressure the stock if a large volume of shares hits the market after that period.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-049323 |
| Exhibit: ex10-4.htm | 0001493152-26-049323 |
| Exhibit: ex99-1.htm | 0001493152-26-049323 |
| Exhibit: ex10-1.htm | 0001493152-26-049323 |
| Exhibit: ex10-2.htm | 0001493152-26-049323 |
| Document: form8-k.htm | 0001493152-26-049323 |
| Document: 0001493152-26-049323-index-headers.html | 0001493152-26-049323 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $0.0520 | awaiting T+60 | awaiting T+60 | $0.0500 (+3.85%) |
Oct 14, 2026 18d ago | 8-K | $0.1282 | awaiting T+60 | awaiting T+60 | $0.0500 (+61.00%) |
Sep 17, 2026 6w ago | 8-K | $0.1282 | awaiting T+60 | awaiting T+60 | $0.0500 (+61.00%) |
Aug 31, 2026 8w ago | 8-K | $0.1440 | awaiting T+60 | awaiting T+60 | $0.0500 (+65.28%) |
Aug 7, 2026 12w ago | 8-K | $0.1282 | awaiting T+60 | awaiting T+60 | $0.0500 (+61.00%) |
Aug 6, 2026 12w ago | 144 | $0.1860 $0.0470 | ▼ −74.73% | ▼ −73.30% | $0.0500 (−73.12%) |
Aug 4, 2026 12w ago | 8-K | $0.2000 $0.0510 | ▲ +74.50% | ▲ +74.88% | $0.0500 (+75.00%) |
Jul 21, 2026 14w ago | 8-K | $0.1800 $0.0600 | ▲ +66.67% | ▲ +70.91% | $0.0500 (+72.22%) |
Jul 13, 2026 15w ago | 25-NSE | $0.1550 $0.0620 | ▲ +60.00% | ▲ +63.63% | $0.0500 (+67.74%) |
Jul 2, 2026 17w ago | 8-K | $0.3100 $0.0820 | ▲ +73.55% | ▲ +77.37% | $0.0500 (+83.87%) |
US Market Status
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