M&A: American Resources Corp

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000165495425000116

Comments: On December 30, 2024, American Resources Corporation's majority owned subsidiary, American Infrastructure Corporation (AIC), entered into a binding term sheet for a merger with CGrowth Capital, Inc. (CGRA). Under the terms of the agreement, CGRA will acquire 100% of AIC's outstanding shares, and AIC shareholders will receive a proportional share of Ten Million newly created Series A Preferred Stock. This Series A will grant holders non-dilution rights and has specific conversion terms into common stock of CGRA based on certain conditions, including uplisting to a senior stock exchange or after 12 months. A definitive merger agreement will follow, detailing customary representations and terms for such transactions.

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