American resources corporation's american metals llc converts to c corp and changes name to electrified materials corporation

De-spac merger with ai transportation acquisition corp has been terminated with electrified materials corporation and is now preparing to go public via a form 10 filing ai transportation and its representatives have demonstrated a disregard for u.s. corporate and contractual laws and an unwillingness to fulfill their obligations under the executed business combination agreement new york, ny and fishers, in / accesswire / december 11, 2024 / american resources corporation's (nasdaq:arec) ("american resources") wholly-owned subsidiary, electrified materials corporation (formerly american metals llc) ("emc") announced today that it is no longer merging with ai transportation acquisition corp, and will seek a direct listing of its securities in a spinoff from american resources through a form 10 filing with the u.s. securities and exchange commission (sec). mark jensen, chairman and ceo of american resources corporation said, "we continue to take decisive actions to protect our shareholders while prioritizing value creation and risk mitigation.
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