American Resources Corp 8-K, filed Jun 8, 2020
American Resources Corp (AREC)
8-K
2020-06-08
For: 2020-06-03
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on June 8, 2020, reporting on events of June 3, 2020.
Items reported
- Item 3.01: Delisting notice or listing transfer
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of Earliest event Reported): June 3, 2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
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000-55456
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46-3914127
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(State or other
jurisdiction of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer Identification
No.)
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9002
Technology Lane, Fishers Indiana, 46038
(Address
of principal executive offices)
(317)
855-9926
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
[
]
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
]
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
[
]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
[
]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item 8.01 Other Events
On June
8, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing that the
Company will present at the
Virtual
Investor Fireside Chat Series on Monday, June 15, 2020 at 10:00 AM
ET.
The information presented in Item 8.01 of this Current Report on
Form 8-K and Exhibit 99.1 shall not be deemed to be
“filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
section, unless the Company specifically states that the
information is to be considered “filed” under the
Exchange Act or specifically incorporates it by reference into a
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
A copy
of the press release is attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard
On June
3, 2020, American Resources Corporation (or the
“Company”) received a letter from the Nasdaq Stock
Market indicating that the Company currently does not meet the
minimum stockholders’ equity requirement of $2,500,000 for
companies listed on the Nasdaq Capital Market as defined by Listing
Rule 5550(b)(1) (the “Continued Listing Rule”) of
Nasdaq Continued Listing Rules, and currently does not meet any of
the alternative continued listing standards of market value of
listed securities or net income from continued
operations.
The notification of noncompliance has no immediate effect on the
listing or trading of the Company’s stock on the Nasdaq
Capital Market. Under the Continued Listing Rules, the Company has
45 days to submit a plan to regain compliance. If the
Company’s plan is accepted the Company will receive an
extension of up to 180 calendar days to evidence compliance. If the
Company’s plan to regain compliance is not accepted, the
Company will have the opportunity to appeal the decision to a
hearing panel.
A copy of the letter from the Nasdaq Stock Market is attached as
Exhibit 99.2 hereto and is incorporated herein by
reference.
Item 9.01.1.
Financial Statements and
Exhibits.
(d)
Exhibits
The
following exhibits are attached hereto and filed
herewith.
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Exhibit No.
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Description
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Press Release Dated June 8,
2020
Notification
Letter from Nasdaq dated June 3, 2020
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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American Resources Corporation |
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Date: June 8,
2020
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By:
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/s/ Mark C.
Jensen
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Mark C.
Jensen
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Chief Executive
Officer
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Exhibit 99.1
American Resources Corporation to Present at the Virtual Investor
Fireside Chat Series
Live video moderated discussion with CEO Mark Jensen on Monday,
June 15 at 10:00 AM ET, immediately followed by an interactive
Q&A session with webcast attendees
June 8, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / June 8, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
supplier of raw materials to the rapidly growing global
infrastructure marketplace with a primary focus on the extraction,
processing, transportation and distribution of metallurgical carbon
to the steel and specialty metals industries, announced today that
Mark Jensen, Chairman and CEO of American Resources Corporation
will present at the Virtual Investor
Fireside Chat Series on Monday,
June 15, 2020 at 10:00 AM ET. A topic of discussion will be how the
Company is positioned for a surge in global infrastructure
initiatives as economies recover post COVID-19.
A live video webcast
of the fireside chat will be available
on the Investor
Relations section of the
Company’s website (americanresourcescorp.com).
Immediately following the fireside chat, management will
participate in an interactive Q&A session with interested
parties, allowing participants to type in questions and receive
live responses. A webcast replay will be available two hours
following the live presentation and will be accessible for one
year.
To schedule a one-on-one call with management, please submit a
request through the conference website vifiresidechat.com,
or contact the conference at info@virtualinvestorco.com.
For more information about the event, please visit
vifiresidechat.com.
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw
materials to the rapidly growing global infrastructure market. The
Company is focused on the extraction and processing of
metallurgical carbon, an essential ingredient used in steelmaking.
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 deposits are
concentrated.
American 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 market 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 Company on
Facebook,
Twitter, and
LinkedIn.
Special Note Regarding Forward-Looking Statements
This
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.
PR Contact:
Precision
Public Relations
Matt
Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
AREC@jtcir.com
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation
Exhibit
99.2
