M&A
confidence high
sentiment neutral
materiality 0.80
American Resources subsidiary AIC to merge into CGrowth Capital; AIC shareholders get 92% of CGRA stock
American Resources Corp
- CGRA to purchase 100% of AIC common stock; AIC shareholders receive 10M newly created Series A Preferred shares.
- Series A converts to 92% of fully diluted CGRA common stock upon holder discretion, uplisting, or 12 months after issuance.
- Definitive merger agreement to follow; AIC will become wholly-owned subsidiary of CGRA.