Brief: American Resources' American Metals LLC Executes Business Combination With Nasdaq Listed AI Transportation Acquisition
01/07/2024 13:11
July 1 (Reuters) - AI Transportation Acquisition Corp
AITR.O :
* AMERICAN RESOURCES CORPORATION’S AMERICAN METALS LLC
EXECUTES
BUSINESS COMBINATION WITH NASDAQ LISTED AI TRANSPORTATION
ACQUISITION CORP
* AMERICAN RESOURCES CORP: PROPOSED TRANSACTION REPRESENTS A
TOTAL
EQUITY VALUE OF USD 170 MILLION FOR COMBINED COMPANY ON A PRO
FORMA BASIS
* AMERICAN RESOURCES CORP: UNDER DEAL, EACH OF AITR
&AMERICAN
METALS WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF ELECTRIFIED
MATERIALS CORPORATION
* AMERICAN RESOURCES CORP: COMBINED COMPANY WILL BE LISTED
ON
NASDAQ STOCK MARKET UNDER TICKER SYMBOL "EMCO"
Source text for Eikon: ID:nGNXF1mc9
Further company coverage: AITR.O
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