other material
confidence high
sentiment neutral
materiality 0.80
AREC announces $33.7M private placement of 9.48M shares of common stock at $3.55/share
American Resources Corp
- Gross proceeds ~$33.7M from sale of 9,480,282 shares at $3.55 per share; closing expected Oct 14 or 15, 2025.
- Maxim Group LLC acting as sole placement agent; fee of 7.0% of gross proceeds.
- Proceeds for working capital; directors/officers subject to 60-day lock-up.
- Shares unregistered under Sec 4(a)(2)/Reg D; company to file resale registration statement.