American Energy Partners Inc - AEPT STOCK NEWS

American Environmental Partners, Inc. (AEPT) announced a definitive agreement and plan of merger with SCWorx Corp. The combined company will be listed on Nasdaq under the ticker symbol AEPT, with the transaction expected to close in the first quarter of 2024. American Environmental Partners shareholders will receive shares of Worx common stock equal to 83% of the combined company, while Worx shareholders will own 17% after the merger.

American Environmental Partners, Inc. (AEPT) announces a new project with D.S.A Services, Inc. for the on-site analysis, transportation, and disposal of approximately 700 tons of TENORM/asbestos contaminated waste as part of the SUNY Sturges Hall renovation project. The project, led by Austin Master Services, LLC, a division of AEPT, demonstrates the company's commitment to resource management and sustainability. The project is expected to be completed by the end of Q1 2024, expanding AEPT's geographic reach into new markets, especially New York State.

American Environmental Partners, Inc. (AEPT) announced its financial results for the third quarter of 2023. The total revenue decreased by 21% to $6.7 million, and the net loss was $2.0 million. The company is planning to merge into SCWorx Corp., listed on NASDAQ under ticker symbol WORX, by the end of the first quarter of 2024. The company is focused on streamlining operations to concentrate on core environmental services.

American Energy Partners, Inc. has signed a Letter of Intent to be acquired by SCWorx Corp. The Proposed Transaction will be structured as a share-for-share exchange, with SCWorx shareholders retaining 17% and American Environmental retaining 83% of the issued and outstanding shares of common stock of SCWorx. The transaction is subject to regulatory approval and is expected to close in the first quarter of 2024.

American Energy Partners, Inc. to change name to American Environmental Partners, Inc.

American Energy Partners, Inc. (OTC: AEPT) has acquired Austin Master Services, LLC, effective July 1, 2022. This acquisition, whose financial details were not disclosed, is expected to be immediately accretive to earnings and boost annualized revenue to over $25 million. Austin Master Services specializes in environmental services, including radiological waste management and decommissioning. The acquisition will enhance American Energy’s portfolio of ESG-related services and expand its operational capabilities. Key executives from both companies expressed optimism about the combined potential.

American Energy Partners, Inc. (OTC: AEPT) announced the hiring of Nicholas Haden as Chief Commercial Officer effective May 9, 2022. Haden brings over 30 years of experience in business development, marketing, and government relations, having previously established an energy services company. CEO Brad Domitrovitsch praised Haden's qualifications and results-oriented track record. Haden expressed enthusiasm about contributing to AEPT's strategic plans. American Energy focuses on acquiring and growing energy assets to enhance shareholder value.

American Energy Partners, Inc. (AEPT) has successfully completed the acquisition of Apex Energy Service, LLC, effective January 1, 2022. The deal, valued at approximately $7 million in annualized revenue starting Q1 2022, is funded through a mix of cash, debt, and stock. The acquisition is expected to elevate AEPT's total revenue forecast for 2022 to $13 million. Apex, a service provider in Ohio, West Virginia, and Pennsylvania, adds 55 employees and multiple facilities to AEPT's operations. Contingent considerations are tied to achieving specific EBITDA growth targets over the next three years.

American Energy Partners, Inc. (OTC: AEPT) announced the appointment of Kurtis Z. Hoffman as Chief Operating Officer, effective January 1, 2022. Hoffman, who has extensive experience in the energy sector, previously held management roles at CNX Resources and other companies, overseeing budgets of up to $600 million. His addition is expected to enhance American Energy's operational framework and growth strategy. Josh Hickman will step down as COO but will remain President of a subsidiary, Hickman Geological Consulting.