American Rebel Reports 227,554 Shares Post 1-for-100 Split, Trading Halt Continues Below 500,000 Minimum
American Rebel Holdings updated post-split common shares outstanding to 227,554 following its effective 1-for-100 reverse split, correcting a prior estimate of 247,988. The company disclosed a Nasdaq determination that shares remain below the 500,000 publicly-held minimum, with trading halted pending DTC/CEDE fractional-share and round-lot top-up processing.
1. Reverse Stock Split and Share Count Correction
On March 23, 2026, American Rebel Holdings completed a 1-for-100 reverse stock split of its common stock and publicly traded warrants. A clerical error with the transfer agent’s portal led to an initial estimate of 247,988 post-split shares, which was corrected to 227,554 based on the latest transfer agent report.
2. Nasdaq Compliance Deficiency and Trading Halt
Nasdaq’s Additional Staff Determination found the company below the 500,000 publicly-held shares requirement under Listing Rule 5550(a)(4), triggering a qualification halt under Rule 4120(i). Trading of the company’s common stock remains halted until the publicly-held shares deficiency is cured and compliance is restored.
3. Fractional-Share and Round-Lot Top-Up Mechanics
A DTC/CEDE-driven fractional-share and round-lot top-up process is underway to issue additional shares to beneficial holders as of the March 20, 2026 record date. The company expects these stockholder-friendly protections to increase its public float, though timing and final share amounts remain uncertain.
4. Historical Rounding Distributions and Future Outlook
Following prior reverse splits, the company issued 4,053,452 shares in October 2025 and 5,868,547 in February 2026 for round-lot protections. Based on that history and the current election process, American Rebel believes it can meet minimum requirements, but Nasdaq’s panel hearing will determine its listing fate.