American infrastructure corporation provides update on share exchange related to sale to cgrowth capital, inc.

As part of the previously announced transaction, shareholders of american infrastructure corporation will receive 60 million common shares and approximately 10 million series a preferred shares of cgrowth capital, inc. fishers, in / access newswire / may 27, 2025 / american resources corporation (nasdaq:arec) ("american resources" or the "company") today announced an update regarding its partially owned subsidiary, american infrastructure corporation ("aic"), a supplier of raw material to the infrastructure marketplace with a focus on iron ore, titanium and metallurgical carbon, has finalized its sale of aic to cgrowth capital inc. (or "cgra" and now operating as american infrastructure holding corporation). as part of the transaction, aic is expected later this week to complete the distribution of approximately 60 million common shares and 10 million series a preferred shares of cgra to its shareholders of record as of december 31, 2024.
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