American Resources Corporation (NASDAQ: AREC) has announced a $40 million private placement of its Class A common stock. The company has entered into a securities purchase agreement with several institutional investors to sell 7,843,138 shares at an offering price of $5.10 per share, or pre-funded warrants in lieu thereof. Maxim Group LLC is serving as the sole placement agent for the offering, which is expected to close upon satisfaction of customary conditions. The company plans to file a registration statement with the SEC to register the resale of the securities purchased in the private placement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Resources Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1087078) on October 15, 2025, and is solely responsible for the information contained therein.