---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-008559"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:46:12.327950+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Resources subsidiary to merge with SPAC AITR in $100M deal plus up to $70M earnout

## Summary
- American Metals LLC, subsidiary of American Resources, entered Business Combination Agreement with AI Transportation Acquisition Corp (AITR) and Electrified Materials Corp (Pubco) on June 28, 2024.
- Consideration: $100M in Pubco common stock at $10/share plus up to $70M earnout tied to revenue targets of $37.9M and $42.8M.
- AITR will domesticate from Cayman Islands to Delaware; three-step merger structure involves Merger Sub 1 and Merger Sub 2.
- Closing conditions include SEC registration statement effectiveness, shareholder approval, Nasdaq listing, and minimum $5M net tangible assets.
- Lock-up agreements for 6 months for certain securityholders; outside date to close is May 10, 2025 (extendable).

## SEC filing metadata
- accession: 0001654954-24-008559
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495424008559/0001654954-24-008559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495424008559/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-008559
- JSON: https://secwatch.observer/filing/0001654954-24-008559.json
- Plain text: https://secwatch.observer/filing/0001654954-24-008559.txt

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