American Rebel Holdings, Inc. (NASDAQ:AREB) shares are trading higher on Monday. The company announced a 1-for-9 reverse stock split.
The Details: The reverse stock split will take effect at market open on October 2 and it will bring the company's total stock count down from about 9.2 million to approximately 1.2 million.
The company's aim is to regain compliance with Nasdaq's minimum bid price requirement of $1 per share.
Shareholders of American Rebel, back in February, approved a reverse stock split at a ratio of up to 1-for-10 with the specific ratio to be left to the board. The Board of Directors approved the 1-for-9 reverse stock split on September 17.
How To Buy American Rebel Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in American Rebel Holdings (NASDAQ:AREB)'s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
AREB Price Action: At the time of writing, American Rebel stock is trading 34.0% higher at 65 cents, according to data from Benzinga Pro.
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