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Wednesday, February 12, 2025

Equity Corporate Actions Alert #2025 - 64
(UPDATED: Payment Date Revised) Spin-off for American Resources Corporation (AREC)

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  • Industry Announcement

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Resources:

On November 14, 2024, American Resources Corporation announced a spin-off of ReElement Technologies Corporation. Shareholders of the American Resources Corporation Class A Common Stock (AREC) will receive one share of ReElement Technologies for every three shares of American Resources Corporation. The Class A Common Stock for ReElement Technologies Corporation will not be registered and will not be listed on Nasdaq. The details for this distribution are as follows:

Company Name/Issue: American Resources Corporation Class A Common Stock
CUSIP: 02927U208
Symbol: AREC
EX Date: Will not be quoted Ex
Record Date: December 31, 2024
Payment Date: February 14, 2025
Ratio of Distribution:
 One share of ReElement Technologies Corporation for every three shares of American Resources Corporation

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