Form 4: Kingdom Building Inc. Reports Acquisition of Convertible Note in American Rebel Holdings

Kingdom Building Inc., a 10% owner of American Rebel Holdings, reports acquiring an Original Issue Discount Note convertible into shares of AREB.

Summary

• Kingdom Building Inc., identified as a 10% owner of American Rebel Holdings Inc. (AREB), filed a Form 4.
• The form reports the acquisition of an Original Issue Discount Note (OID Note) by Kingdom Building Inc. on January 10, 2025.
• The OID Note is convertible into 43,000 shares of American Rebel Holdings Inc. Series D Convertible Preferred Stock.
• The Series D Convertible Preferred Stock is further convertible into 215,000 shares of AREB Common Stock.
• The OID Note has a gross principal amount of $123,420, but after an original issue discount of $23,420 paid in AREB Series D Convertible Preferred Stock, the net principal amount to be repaid is $100,000.
• The OID Note matures on July 10, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a transaction. The acquisition of a convertible note could be seen as a positive sign of investment, but without further context, it's difficult to assess the overall impact.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders may be interested in the potential dilution from the conversion of the OID Note into preferred and then common stock.

Key Dates

Keywords

Form 4, Original Issue Discount Note, Convertible Preferred Stock, American Rebel Holdings, Kingdom Building Inc., AREB, Beneficial Ownership