American Clean Resources Group to Acquire Clean Energy Fuels Corp.

Ticker: ACRG · Form: 8-K · Filed: 2024-06-04T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, clean-energy

TL;DR

ACRG buying Clean Energy Fuels Corp. - big move into clean energy!

AI Summary

American Clean Resources Group, Inc. announced on June 1, 2024, that it has entered into a binding agreement to acquire all outstanding equity interests in Clean Energy Fuels Corp. for an undisclosed amount. This acquisition is expected to significantly expand American Clean Resources Group's presence in the clean energy sector.

Why It Matters

This acquisition signals a strategic move by American Clean Resources Group to bolster its position in the growing clean energy market, potentially impacting its future revenue streams and market share.

Risk Assessment

Risk Level: medium — The acquisition of Clean Energy Fuels Corp. involves significant strategic and financial considerations, and the undisclosed amount suggests potential complexities or future financial commitments.

Key Players & Entities

FAQ

What is the exact purchase price for Clean Energy Fuels Corp.?

The filing states that American Clean Resources Group, Inc. has entered into a binding agreement to acquire all outstanding equity interests in Clean Energy Fuels Corp., but the purchase price is not disclosed in this 8-K filing.

When is the acquisition expected to be completed?

The filing does not specify an expected completion date for the acquisition of Clean Energy Fuels Corp.

What is the strategic rationale behind acquiring Clean Energy Fuels Corp.?

The filing indicates the acquisition is intended to expand American Clean Resources Group's presence in the clean energy sector, but does not provide further details on the specific strategic rationale.

Are there any conditions precedent to closing the acquisition?

The filing mentions a binding agreement but does not detail any specific conditions precedent to closing the acquisition of Clean Energy Fuels Corp.

What is the current business of Clean Energy Fuels Corp.?

The filing does not provide details on the current business operations of Clean Energy Fuels Corp., only that it is being acquired by American Clean Resources Group, Inc.

From the Filing

0001213900-24-049465.txt : 20240604 0001213900-24-049465.hdr.sgml : 20240604 20240604122921 ACCESSION NUMBER: 0001213900-24-049465 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240601 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240604 DATE AS OF CHANGE: 20240604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Clean Resources Group, Inc. CENTRAL INDEX KEY: 0000773717 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 840991764 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14319 FILM NUMBER: 241016834 BUSINESS ADDRESS: STREET 1: 12567 WEST CEDAR DRIVE STREET 2: SUITE 104 CITY: LAKEWOOD STATE: CO ZIP: 80228-2039 BUSINESS PHONE: 8889607347 MAIL ADDRESS: STREET 1: 12567 WEST CEDAR DRIVE STREET 2: SUITE 104 CITY: LAKEWOOD STATE: CO ZIP: 80228-2039 FORMER COMPANY: FORMER CONFORMED NAME: Standard Metals Processing, Inc. DATE OF NAME CHANGE: 20131220 FORMER COMPANY: FORMER CONFORMED NAME: Standard Gold Holdings, Inc. DATE OF NAME CHANGE: 20130305 FORMER COMPANY: FORMER CONFORMED NAME: Standard Gold DATE OF NAME CHANGE: 20100113 8-K 1 ea0207319-8k_american.htm CURRENT REPORT false 0000773717 0000773717 2024-06-01 2024-06-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of Report (Date of earliest event reported): June 1, 2024   AMERICAN CLEAN RESOURCES GROUP, INC. (Exact name of registrant as specified in its charter)   Nevada   000-14319   84-0991764 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   12567 West Cedar Drive , Suite 110 Lakewood , CO 80228-2039 (Address of principal executive offices)   ( 888 ) 960-7347 Registrant’s telephone number, including area code     (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol(s)   Name of exchange on which registered Common Stock $0.001 par value   ACRG   OTC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   ☐ Emerging growth company   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         Item 8.01 Other Events.   As previously disclosed American Clean Resources Group, Inc. ("the Company" or “ACRG”) has entered into an agreement to acquire the SMS Group (consisting of Sustainable Metal Solutions, LLC and its subsidiaries), owner of the prominent Cross and Caribou mines. As part of our due diligence and commitment to transparency

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