---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-001300"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:04:22.721934+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Resources reduces debt by $9.9M as convertible holder converts to equity

## Summary
- Golden Properties converts $9,891,241 of senior convertible debentures into 9,420,230 shares of class A common stock.
- Conversion eliminates all remaining convertible debt, strengthening the company's capitalization structure.
- Golden Properties becomes the largest equity holder, signaling long-term confidence in AREC.
- Debentures were due March 31, 2023; conversion completed in January/February 2023.

## SEC filing metadata
- accession: 0001654954-23-001300
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495423001300/0001654954-23-001300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423001300/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-001300
- JSON: https://secwatch.observer/filing/0001654954-23-001300.json
- Plain text: https://secwatch.observer/filing/0001654954-23-001300.txt

## Key facts
- Material Agreements
  American Resources Corp entered into Notice of Conversion agreement with Golden Properties Ltd. valued at $9,891,241.12 (effective 2023-01-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Golden Properties Ltd.
  - Value: $9,891,241.12
  - Effective: 2023-01-31
  source text: On January 31, 2023, American Resources Corporation (“American Resources” or the “Company”) entered into a Notice of Conversion agreement ( the “Agreement”) with Golden Properties Ltd. (“ Golden Properties”) related to the conversion of the balance of Senior Convertible Debentures due March 31, 2023 of American Resources, held by Golden Properties, into shares of class A common stock of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423001300/0001654954-23-001300-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.