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American Resources' Subsidiary to Merge With CGrowth Capital
ARECAmerican Resources(AREC) ZACKS·2025-01-07 15:17

American Resources Corporation's (AREC) subsidiary, American Infrastructure Corporation ("AIC"), has signed an agreement to merge with CGrowth Capital, Inc. (“CGRA”). The terms of the contract specify that American Infrastructure Corporation will become a fully owned subsidiary of CGrowth Capital, which will change its name to American Infrastructure Holding Corporation. The American Infrastructure team will assume the management of CGRA, and the existing operations and assets of CGRA will be spun out of th ...