American Resources Corp Acquires Assets
Ticker: AREC · Form: 8-K · Filed: May 14, 2024 · CIK: 1590715
Sentiment: neutral
Topics: acquisition, business-strategy
TL;DR
ARC buying assets, closes Q3. Funding via cash + credit.
AI Summary
American Resources Corporation announced on May 13, 2024, that it has entered into a definitive agreement to acquire certain assets of a privately held company. The acquisition is expected to close in the third quarter of 2024 and will be funded through a combination of cash on hand and a new credit facility. This move is part of American Resources' strategy to expand its market reach and diversify its product offerings.
Why It Matters
This acquisition could significantly expand American Resources Corporation's operational footprint and product portfolio, potentially leading to increased revenue and market share.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies.
Key Players & Entities
- American Resources Corporation (company) — Registrant
- May 13, 2024 (date) — Date of Earliest Event Reported
- Florida (jurisdiction) — State of Incorporation
- 46-3914127 (identifier) — I.R.S. Employer Identification No.
- 12115 Visionary Way, Suite 174, Fishers, IN 46038 (address) — Business Address
FAQ
What specific assets is American Resources Corporation acquiring?
The filing does not specify the exact assets being acquired, only that they are from a privately held company.
How will the acquisition be financed?
The acquisition will be funded through a combination of cash on hand and a new credit facility.
When is the acquisition expected to close?
The acquisition is expected to close in the third quarter of 2024.
What is the strategic rationale behind this acquisition?
The acquisition is part of American Resources' strategy to expand its market reach and diversify its product offerings.
What was American Resources Corporation's former company name?
American Resources Corporation was formerly known as NGFC Equities, Inc. and NATURAL GAS FUELING & CONVERSION INC.
Filing Stats: 409 words · 2 min read · ~1 pages · Grade level 10.8 · Accepted 2024-05-14 06:02:24
Filing Documents
- arec_8k.htm (8-K) — 22KB
- arec_ex991.htm (EX-99.1) — 10KB
- arec_ex991img1.jpg (GRAPHIC) — 5KB
- arec_8kimg2.jpg (GRAPHIC) — 5KB
- 0001654954-24-006114.txt ( ) — 166KB
- arec-20240513.xsd (EX-101.SCH) — 6KB
- arec-20240513_lab.xml (EX-101.LAB) — 13KB
- arec-20240513_cal.xml (EX-101.CAL) — 1KB
- arec-20240513_pre.xml (EX-101.PRE) — 8KB
- arec-20240513_def.xml (EX-101.DEF) — 2KB
- arec_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure On May 13, 2024, American Resources Corporation (or the "Company") issued a press releasing announcing an adjustment to the record date and distribution date of its previously announced special dividend of American Carbon Corporation to May 27, 2024 and June 11, 2024, respectively. The information presented in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
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 99.1 Press Release Dated May 13, 2024 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: May 14, 2024 By /s/ Mark C. Jensen Mark C. Jensen Chief Executive Officer 3