Brief: American Resources Corporation Announces Filing Of Form 10 Registration Statement For Planned Spin-Off Of Reelement Technologies

American Resources

24/01/2023 13:57

Jan 24 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORPORATION ANNOUNCES FILING OF FORM 10
REGISTRATION STATEMENT FOR PLANNED SPIN-OFF OF REELEMENT
TECHNOLOGIES
    * AMERICAN RESOURCES CORP - TO AFFECT THE SEPARATION,
REELEMENT
WILL FIRST UNDERTAKE A SERIES OF REORGANIZATION TRANSACTIONS
    * AMERICAN RESOURCES CORP - WILL SUBSEQUENTLY DISTRIBUTE A
MAJORITY OF SPINCO’S COMMON STOCK TO AMERICAN RESOURCES’
STOCKHOLDERS
    * AMERICAN RESOURCES CORP - FOLLOWING THE SHARE
DISTRIBUTION,
SPINCO, HOLDING THE BUSINESS, WILL BECOME AN INDEPENDENT PUBLIC
COMPANY
    * AMERICAN RESOURCES CORP - TO EFFECT SEPARATION, CO PLANS
TO
DISTRIBUTE UP TO 90% OF REELEMENT TECHNOLOGIES’ COMMON STOCK TO
CO’S SHAREHOLDERS

Further company coverage:  AREC.O 
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