American Resources Corp. raises $33.7M in common stock private placement at $3.55/share

American Resources Corp

Sold 9,480,282 shares at $3.55 per share, gross proceeds of approximately $33.7 million.
Proceeds to fund domestic critical mineral processing, coal waste extraction, and a 10k MT magnet manufacturing facility.
Maxim Group LLC acted as sole placement agent; cash fee of 7% of gross proceeds plus up to $100k expense reimbursement.
Directors and officers subject to 60-day lock-up; company restricted from equity issuances for same period.
Company to file resale registration statement for the shares within 15 days of closing.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

American Resources Corp issued an aggregate of 9,480,282 shares of common stock to certain investors (the "Purchasers") for at an offering price of $3.55 per share.

Security: common stock
Shares: an aggregate of 9,480,282 shares
Purchaser: certain investors (the "Purchasers")
Consideration: at an offering price of $3.55 per share

Exact text from the filing

the Company agreed to sell and issue to the Purchasers in a private placement offering (the “Offering”) an aggregate of 9,480,282 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company at an offering price of $3.55 per share.

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American Resources Corp filing history →

Source: SEC EDGAR

accession 0001654954-25-011782

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