American Resources Corporation's American Metals LLC Converts to C Corp and Changes Name To Electrified Materials Corporation

ACCESSWIRE12-12

De-SPAC merger with AI Transportation Acquisition Corp has been terminated with Electrified Materials Corporation and is now preparing to go public via a Form 10 filing AI Transportation and its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490806815?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Do.oEOkVhZowxzLk1u9OSA--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/5aa5bb1489ed50b88c01875875dd23e9","is_english":true,"pubTime":"2024-12-12 05:15","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490806815","market":"us","top_or_hot":-1,"title":"American Resources Corporation's American Metals LLC Converts to C Corp and Changes Name To Electrified Materials Corporation","media":"ACCESSWIRE","content":"<div>\n<p>De-SPAC merger with AI Transportation Acquisition Corp has been terminated with Electrified Materials Corporation and is now preparing to go public via a Form 10 filing\nAI Transportation and its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-resources-corporations-american-metals-211500044.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Resources Corporation's American Metals LLC Converts to C Corp and Changes Name To Electrified Materials Corporation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Resources Corporation's American Metals LLC Converts to C Corp and Changes Name To Electrified Materials Corporation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 05:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-resources-corporations-american-metals-211500044.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>De-SPAC merger with AI Transportation Acquisition Corp has been terminated with Electrified Materials Corporation and is now preparing to go public via a Form 10 filing\nAI Transportation and its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-resources-corporations-american-metals-211500044.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4156","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"https://finance.yahoo.com/news/american-resources-corporations-american-metals-211500044.html","article_id":"2490806815","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Do.oEOkVhZowxzLk1u9OSA--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/5aa5bb1489ed50b88c01875875dd23e9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490806815","pubTimestamp":1733951700,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"De-SPAC merger with AI Transportation Acquisition Corp has been terminated with Electrified Materials Corporation and is now preparing to go public via a Form 10 filing. NEW YORK, NY and FISHERS, IN / ACCESSWIRE / December 11, 2024 / American Resources Corporation's   wholly-owned subsidiary, Electrified Materials Corporation   announced today that it is no longer merging with AI Transportation Acquisition Corp, and will seek a direct listing of its securities in a spinoff from American Resources through a Form 10 filing with the U.S. Securities and Exchange Commission .Electrified Materials Corporation  and its parent company American Resources Corporation intend to seek damages against AI Transportation Acquisition Corp., along with its executives and its advisors.American Resources has established a nimble, low-cost business model centere","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4156":"煤与消费用燃料","AREC":"American Resources Corporation","ARKG":"ARK Genomic Revolution ETF"},"translate_title":"美国资源公司旗下American Metals LLC更名为C Corp并更名为Electrified Materials Corporation","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKG":1,"AREC":0.9},"content_text":"De-SPAC merger with AI Transportation Acquisition Corp has been terminated with Electrified Materials Corporation and is now preparing to go public via a Form 10 filing\nAI Transportation and its representatives have demonstrated a disregard for U.S. corporate and contractual laws and an unwillingness to fulfill their obligations under the executed business combination agreement\nNEW YORK, NY and FISHERS, IN / ACCESSWIRE / December 11, 2024 / American Resources Corporation's (NASDAQ:AREC) (\"American Resources\") wholly-owned subsidiary, Electrified Materials Corporation (Formerly American Metals LLC) (\"EMC\") announced today that it is no longer merging with AI Transportation Acquisition Corp, and will seek a direct listing of its securities in a spinoff from American Resources through a Form 10 filing with the U.S. Securities and Exchange Commission (SEC).\nMark Jensen, Chairman and CEO of American Resources Corporation said, \"We continue to take decisive actions to protect our shareholders while prioritizing value creation and risk mitigation. During our efforts to pursue a productive de-SPAC merger with AI Transportation, we observed actions by their Chinese executives and advisors that raised significant concerns about the viability of the proposed merger. Additionally, given American Metals' affiliation with and commercial relationship with ReElement Technologies - an entity capable of competing with and potentially surpassing China as the dominant refiner of critical minerals - we now believe pursuing a Form 10 spinoff is the optimal path forward. This approach ensures domestic ownership and compliance with U.S. corporate laws, aligning with the best interests of our shareholders. Furthermore, the proactive steps we have taken in preparing for the proposed merger with AITR have positioned us on an efficient trajectory toward a potential direct public listing on a national exchange. We have finalized the Form 10 and are prepared to file it with the SEC promptly.\nElectrified Materials Corporation (Formerly American Metals LLC) and its parent company American Resources Corporation intend to seek damages against AI Transportation Acquisition Corp., along with its executives and its advisors.\nAbout American Resources Corporation\nAmerican Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The American Resources is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.\nAmerican Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the American Resources on Facebook, Twitter, and LinkedIn.\nAbout Electrified Metals Corporation\nElectrified Metals Corporation (\"Electrified Metals\") was formed by, and is a wholly-owned subsidiary of, American Resources Corp (Nasdaq:AREC). Electrified Metals is a cutting-edge recycler of metals for the electrified economy. It controls the preprocessing of both end of life magnets, batteries and ferrous metals that enables Electrified Metals to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements through its refining partnership with ReElement Technologies, LLC, another wholly-owned subsidiary of American Resources Corp.\nSpecial Note Regarding Forward-Looking Statements\nThis press release contains \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words \"believes\", \"may\", \"will\", \"should\", \"would\", \"could\", \"continue\", \"seeks\", \"anticipates\", \"plans\", \"expects\", \"intends\", \"estimates\", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.\nInvestor Contact:\nJTC Team, LLCJenene Thomas(908) 824 - 0775arec@jtcir.com\nCompany Contact:\nMark LaVerghetta317-855-9926 ext. 0investor@americanresourcescorp.com\nSOURCE: American Resources Corporation\n\nView the original \npress release on accesswire.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490806815"}