NEW YORK, NY -- January 6, 2025 -- InvestorsHub NewsWire --
CGrowth Capital Inc. (OTC:
CGRA) is a public holding company focused on alternative and
undervalued assets. The company is sector- and industry-agnostic
and currently operates through two divisions: Mining and Sports
Technology. The organization is committed to investing in
growth-oriented opportunities where its capital, expertise, and
capabilities can significantly add value for shareholders.
CGRA is pleased to announce that it has signed a binding
agreement to merge with American Infrastructure Corporation (AIC),
which is currently a subsidiary of American Resources Corporation
(NASDAQ: AREC). AREC is a next-generation, environmentally and
socially responsible supplier of high-quality raw materials for the
new infrastructure market. This merger will enable the company to
pursue its true growth potential under the management team of
American Infrastructure Corporation, which has ambitious plans to
uplist the business to a senior exchange as soon as possible, a
goal they have a proven track record of achieving. The company will
have the necessary tools to execute its business plan, including a
strong asset base and a team experienced in structuring
transactions in the $150 million to $250 million range. The company
will emphasize organic growth and strategic acquisitions to rapidly
enhance its value for a potential uplisting.
Under the terms of the exchange agreement, American
Infrastructure Corporation will become a wholly owned subsidiary of
CGrowth Capital Inc., which will change its name to American
Infrastructure Holding Corporation. The American Infrastructure
Team will take over the management of CGRA and appoint new board
members. Nicolas Link, the former Chief Executive of CGRA, will
continue to serve on the combined entity's board. The existing
assets and subsidiary liabilities of CGRA will be spun out during
the transaction, leaving the American Infrastructure Corporation as
the primary operation of the combined entity.
The transaction was structured as a tax-free exchange of shares
from American Infrastructure Corporation for shares of CGrowth
Capital, Inc. Common shareholders of American Infrastructure, as
part of the merger consideration, will receive Series A Preferred
Stock, convertible into common shares of the post-merger combined
entity, American Infrastructure Holding Corporation, at the
holder's discretion. This Series A Preferred Stock will
automatically convert into common stock twelve months after the
merger. Additionally, the Series A Preferred Stock features an
anti-dilution provision, ensuring that any Series A Preferred
shares not converted into common stock of the combined entity by
the twelve-month anniversary of the merger will automatically
convert into common stock of the combined entity, representing 92%
ownership of the common stock outstanding in American
Infrastructure Holding Corporation (formerly CGRA) at that
time.
American Resources has received several Letters of Intent for
structured transactions over the past year, ranging from $150
million to $280 million in value to American Infrastructure. The
board did not accept the structured nature of these previous
transactions. The merger with CGRA is designed to reflect growth
opportunities and achieve such value for the combined entity, along
with additional growth capital to unlock further value in the
future.
Nicolas Link said, "The CGRA team and I want to thank the AREC
and AIC team for their hard work on the transaction, especially
during the holiday period. We look forward to collaborating with
the team to enhance the already impressive assets and uplist the
combined entity to a major exchange. We believe this offers
excellent value and a significant opportunity for further value
creation for both CGRA shareholders and the AIC business."
About American Infrastructure Corporation
American Infrastructure Corporation is a raw material supplier
to the infrastructure marketplace, focusing on metallurgical
carbon, iron ore, and titanium. Current operations are primarily
focused on the extraction, processing, transportation, and
distribution of coal for various industries, with a primary focus
on metallurgical quality coal for the steel industry. We have six
coal mining and processing operating subsidiaries in the
metallurgical carbon industry located in Eastern Kentucky and West
Virginia, along with a substantial iron ore and titanium asset base
in the mining region of Jamaica. For more information,
visit https://www.americaninfracorp.com or
connect with the Company on Facebook, Twitter, and LinkedIn.
About American Resources Corporation
American Resources Corporation (NASDAQ: AREC) is a
next-generation, environmentally and socially responsible supplier
of high-quality raw materials to the new infrastructure market. The
Company 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.
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 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 Company on Facebook,
Twitter, and LinkedIn.
For regular CGrowth Capital (CGRA) updates, you are invited to
view the company's website and/or to follow the company's Twitter
account:
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source: CGRA
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and
(vii) future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The
Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward- looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, in light of the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the
following social & media channels: Twitter: @CGRAOTC
CGrowth Capital (PK) (USOTC:CGRA)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
CGrowth Capital (PK) (USOTC:CGRA)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
