AREB Stock Plummets 60% as Nasdaq Delisting Confirmed, Company Moves to OTC Markets

American Rebel Holdings, Inc. (AREB) stock plummeted by 60% in pre-market trading following the company's announcement that it would not appeal Nasdaq's decision to delist its shares. This move confirms AREB's transition to OTC Markets, with an initial aim for quotation on OTCID. The company attributed its decision to Nasdaq's inherent volatility and stringent listing standards, which it deemed challenging for small-cap firms. Despite the delisting, AREB intends to maintain its status as a fully reporting public company. Furthermore, the firm expressed aspirations to upgrade its listing to OTCQB or higher tiers within the OTC Markets. This development marks a significant shift for AREB's market presence and investor accessibility.