American Resources Corp. raises ~$40M in private placement of common stock and pre-funded warrants

American Resources Corp

Offering: 2,661,764 shares at $5.10 and 5,181,374 pre-funded warrants at $5.0999 each, ~$40M gross proceeds.
Maxim Group LLC acts as sole placement agent; receives 7% cash fee and up to $100,000 expense reimbursement.
Net proceeds for domestic critical mineral processing (coal waste extraction), corporate development, and working capital.
Directors and officers enter 60-day lock-up; company restricted from issuing equity or filing registration statements for 60 days post-close.
Resale registration statement to be filed within 10 days of closing; target effectiveness within 30-60 days.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.99

American Resources Corp issued 2,661,764 shares of common stock to certain investors for $5.10 per share.

Security: common stock
Shares: 2,661,764 shares
Purchaser: certain investors
Consideration: $5.10 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 (1) 2,661,764 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”) at the offering price of $5.10 per Share

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.99

American Resources Corp issued 5,181,374 pre-funded warrants of warrant to certain investors for $5.0999 per warrant.

Security: warrant
Shares: 5,181,374 pre-funded warrants
Purchaser: certain investors
Consideration: $5.0999 per warrant

Exact text from the filing

(ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 5,181,374 shares of Common Stock at an exercise price equal to $0.0001 per share (the “Pre-Funded Warrant Shares”), at the offering price of $5.0999 per share

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American Resources Corp filing history →

Source: SEC EDGAR

accession 0001654954-25-011908

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