M&A
confidence high
sentiment neutral
materiality 0.90
American Resources subsidiary AIC completes share exchange with CGrowth Capital Inc.
American Resources Corp
- On January 28, 2025, American Infrastructure Corporation (AIC) completed a Share Exchange Agreement with CGrowth Capital Inc. (CGRA).
- CGRA purchased 100% of AIC's outstanding common stock, making AIC a wholly owned subsidiary of CGRA.
- AIC shareholders received proportional shares of 10 million newly created Series A Preferred Stock of CGRA.
- Series A Preferred converts to 92% of CGRA's fully diluted common stock upon uplisting, holder discretion, or after 12 months.