American Resources Corp Files 8-K: Financials & Reg FD
Ticker: AREC · Form: 8-K · Filed: Mar 5, 2024 · CIK: 1590715
Sentiment: neutral
Topics: financial-statements, regulation-fd, corporate-filing
TL;DR
ARC filed an 8-K on 3/5/24 with financials and Reg FD. Check it out.
AI Summary
On March 5, 2024, American Resources Corporation filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with a Regulation FD disclosure. The company, previously known as NGFC Equities, Inc., is incorporated in Florida and operates in the Bituminous Coal & Lignite Mining industry.
Why It Matters
This 8-K filing provides updated financial information and regulatory disclosures for American Resources Corp, which is crucial for investors to assess the company's current financial health and compliance status.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting financial statements and exhibits, not indicating any immediate material adverse events.
Key Players & Entities
- American Resources Corporation (company) — Registrant
- NGFC Equities, Inc. (company) — Former company name
- March 5, 2024 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report financial statements and exhibits, as well as a Regulation FD disclosure.
What was American Resources Corporation's former name?
American Resources Corporation was formerly known as NGFC Equities, Inc.
In which state is American Resources Corporation incorporated?
American Resources Corporation is incorporated in Florida.
What is the Standard Industrial Classification code for American Resources Corp?
The Standard Industrial Classification code for American Resources Corp is 1220, which corresponds to Bituminous Coal & Lignite Mining.
What is the business address of American Resources Corp?
The business address of American Resources Corp is 12115 Visionary Way, Suite 174, Fishers, IN 46038.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-03-05 08:04:36
Key Financial Figures
- $300 million — wing details: - Pre Money Valuation: $300 million - Financing Size: Minimum of $7 milli
- $7 million — million - Financing Size: Minimum of $7 million up to $50 million - Structure: Common
- $50 million — ncing Size: Minimum of $7 million up to $50 million - Structure: Common Stock - Managem
Filing Documents
- arec_8k.htm (8-K) — 25KB
- arec_ex11.htm (EX-1.1) — 2KB
- arec_ex12.htm (EX-1.2) — 21KB
- arec_8kimg2.jpg (GRAPHIC) — 5KB
- arec_ex11img2.jpg (GRAPHIC) — 32KB
- arec_ex11img1.jpg (GRAPHIC) — 219KB
- 0001654954-24-002591.txt ( ) — 524KB
- arec-20240305.xsd (EX-101.SCH) — 6KB
- arec-20240305_lab.xml (EX-101.LAB) — 13KB
- arec-20240305_cal.xml (EX-101.CAL) — 1KB
- arec-20240305_pre.xml (EX-101.PRE) — 8KB
- arec-20240305_def.xml (EX-101.DEF) — 2KB
- arec_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure On March 4, 2024, members of the American Resources Corporation's ("American Resources" or the "Company") Board of Directors received an unsolicited investment letter ("Shareholder Investment Letter") from a current shareholder and former board member of American Resources Corporation. The letter references the strategic direction of the Company along with to its wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"). Along with the Shareholder Investment Letter was included a term sheet ("ReElement Technologies Corporation Term Sheet") for a lead investment in ReElement Technologies Corporation. The investment letter is currently under review and carries the following details: - The spinout or sale of American Carbon Corporation - The spinout of ReElement Technologies Corporation - The spinout of interest in Novusterra Inc. - The focus of American Resources Corporation post such events on the critical mineral industry growth. The ReElement Technologies Corporation Term Sheet is currently under review and carries the following details: - Pre Money Valuation: $300 million - Financing Size: Minimum of $7 million up to $50 million - Structure: Common Stock - Management Participation: Requirement of members of current management to participate in the round, which is agreeable by certain members The foregoing description of the Shareholder Investment Letter and the ReElement Technologies Corporation Term Sheet does not purport to be complete and are qualified in their entirety by reference to the complete text, which is filed as Exhibits hereto.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are attached hereto and filed herewith. Exhibit No. Description 1.1 Shareholder Investment Letter 1.2 ReElement Technologies Corporation Term Sheet 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. American Resources Corporation Date: March 5, 2024 By: /s/ Mark C. Jensen Mark C. Jensen Chief Executive Officer 3