American Resources Corporation Adjusts the Record Date for Special Dividend of its Holdings in Novusterra Inc.
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Insights
The adjustment of the Record Date and Distribution Date for American Resources Corporation's special dividend of Novusterra Inc. is a significant event for shareholders and potential investors. This change impacts the timeline for investors to be eligible for the dividend payout, which can influence investment decisions and stock liquidity in the short-term. Shareholders need to be aware of the new dates to ensure they qualify for the dividend. Additionally, the market may react to this news with a temporary increase in trading volume as investors adjust their positions based on the new timeline.
The special dividend can be seen as a positive signal regarding American Resources Corporation's financial health and its ability to generate excess capital that can be returned to shareholders. It could potentially lead to a re-evaluation of the company's stock by the market, especially if the dividend is perceived as a commitment to returning value to shareholders. However, it is essential to analyze the company's financials to understand whether the dividend is sustainable and if it might affect the company's future investment capacity. The adjustment of dates does not change the fundamental value proposition but could affect investor sentiment.
Compliance with NASDAQ Capital Markets regulatory and statutory requirements is crucial for any listed company. The adjustment indicates that American Resources is taking necessary steps to adhere to these regulations. Investors should be reassured by the company's commitment to regulatory compliance, which is essential for maintaining its listing status and avoiding potential legal complications. The mention of compliance with applicable rules and regulations also suggests that the company is mindful of its legal obligations regarding the special dividend, which is an important consideration for risk assessment.
FISHERS, IN / ACCESSWIRE / March 5, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, announced today that, due to regulatory and statutory requirements with the NASDAQ Capital Markets, the Record Date for the previously announced special dividend of Novusterra Inc. has been adjusted to now occur on March 18, 2024. Similarly, the distribution date for the special dividend is adjusted to now occur on March 25, 2024.
Please refer to American Resources Corporation press release dated March 1, 2024 for additional information on the special dividend. The planned special dividend shall be subject to compliance with applicable rules and regulations.
About Novusterra Inc.
Novusterra's specializes in the development and commercialization of patented technology to produce low cost, high quality carbon nanostructures and graphene from carbon-based deposits to be utilized within the sustainable infrastructure, energy storage, agriculture and water filtration marketplaces. The Company secured its patents through the acquisition of an exclusive sublicense with American Resources Corporation (NASDAQ:AREC) which are designed to make use of an abundant and low-cost feedstock (coal) in an environmentally friendly process.
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.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on accesswire.com
FAQ
When will the Record Date for the special dividend of Novusterra Inc. occur?
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What company announced the special dividend of Novusterra Inc.?
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