Business
American Resources Corporation's American Infrastructure Corporation Closes Merger with CGrowth Capital, Inc
The merger has been successfully completed based on the December 30th, 2024 binding contract announced on January 6th, 2025.American Infrastructure
About this update from American Resources Corporation
[{"type":"text","content":"The merger has been successfully completed based on the December 30th, 2024 binding contract announced on January 6th, 2025.American Infrastructure Corporation is now publicly listed and a wholly owned division of CGrowth Capital, Inc, which will be renamed American Infrastructure Holding CorporationThe combined company plans to pursue an uplisting to a senior national exchange FISHERS, IN / ACCESS Newswire / January 28, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\") announced that its partially owned subsidiary, American Infrastructure Corporation (\"AIC\"), a supplier of raw material to the infrastructure marketplace with a focus on iron ore, titanium and metallurgical carbon, has successfully completed its merger with CGrowth Capital, Inc. (OTC:CGRA) (\"CGrowth Capital\" or \"CGRA\"). In conjunction with the merger with CGRA, the Company has established a framework to support future financing for both organic growth and acquisitions within the infrastructure sector, in alignment with its overall business strategy.Mark Jensen, Executive Chairman of American Infrastructure Corporation, commented, \"Closing the previously announced binding agreement with CGrowth Capital represents a significant milestone for American Infrastructure and its shareholders. As a standalone public company focused on expanding its presence in the mining and infrastructure marketplace, our goal of building high-value royalty structures presents a substantial opportunity for both our shareholders and those of CGRA. We believe that, given the new administration's emphasis on energy and infrastructure growth, we are well-positioned to capitalize on the undercapitalized and distressed assets within the infrastructure marketplace. This is an opportune time to be a pure-play infrastructure company, especially with the increasing focus on domestic infrastructure initiatives in the United States. Our strategy remains centered on leveraging our royalty and leasehold production model, which enables us to generate cash flow by partnering with experienced local operators with a proven track record of success in the region. We are optimistic about the opportunities ahead in 2025 as we continue to grow the business. We also want to extend our gratitude to Nick Link and his team for their efforts establishing a strong ...