American Rebel shares are trading lower after the company announced pricing of a $3 million private placement priced at-the-market per Nasdaq rules.
Portfolio Pulse from Benzinga Newsdesk
American Rebel announced the pricing of a $3 million private placement at-the-market per Nasdaq rules, leading to a decrease in its share price.
June 28, 2023 | 12:48 pm
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American Rebel's shares are trading lower after the company announced a $3 million private placement at-the-market per Nasdaq rules.
The announcement of a private placement often leads to a decrease in share price as it dilutes the value of existing shares. In this case, American Rebel's shares are trading lower following the announcement of a $3 million private placement at-the-market per Nasdaq rules.
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