American Resources' Subsidiary to Merge With CGrowth Capital

Group 1 - American Resources Corporation's subsidiary, American Infrastructure Corporation, is merging with CGrowth Capital, which will be renamed American Infrastructure Holding Corporation [1][2] - The merger involves a tax-free exchange of shares, with American Infrastructure's common shareholders receiving Series A preferred stock that can convert into common shares after twelve months [2] - This merger is a significant milestone for American Infrastructure, supporting growth initiatives through organic and strategic acquisitions, with a focus on a royalty and leasehold production model strategy [3] Group 2 - American Resources Corporation's stock has declined by 51.3% over the past year, compared to a 19.5% decline in the industry [4] - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5] - In comparison, other companies in the Basic Materials sector, such as Carpenter Technology Corporation and MAG Silver Corp., have shown strong performance, with significant stock gains over the past year [6][7]