American Resources Corporation has provided an update on its previously announced transaction involving its subsidiary, American Infrastructure Corporation $(AIC)$. The company finalized the sale of AIC to CGrowth Capital Inc., which is now operating as American Infrastructure Holding Corporation. As part of the transaction, AIC shareholders will receive approximately 60 million common shares and 10 million Series A Preferred shares of CGrowth Capital. Each AIC share will be exchanged for 3.46073 common shares and 0.57679 Series A Preferred shares of CGrowth Capital. This share distribution is expected to be completed soon, with shares reflected in shareholders' brokerage accounts or registered directly. CGrowth Capital is also in the process of changing its name and ticker to American Infrastructure Holding Corporation.
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