Spin-offs/American Resources Corporation → American Carbon Corp.

American Carbon Corp.

Spin-off from American Resources Corporation (AREC) · Form 10 filed Aug 2023 · Nasdaq (planned)

Announced

Aug 14, 2023

Form 10 filed

Aug 14, 2023

Record date

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Expected distribution

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Ratio

1 : 4

Debt loaded

—

Cash to parent

—

Latest filing

Feb 14, 2024

one fourth of a share of American Carbon for every share of American Resources

Documents

Form 10 Information statement Announcement 8-K Press release New company filings Parent filings Company site

Both companies today

The new company

American Carbon Corp.

No ticker yet; the numbers follow the listing.

The parent

American Resources CorporationAREC

Market cap

$180M

Moat

None

Quality

Price

$2.43

Fair value

—

Price / FV

—

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

American Carbon holds American Resources' metallurgical coal operations — extraction, processing, transportation and distribution of met coal for the steel industry.

Stated rationaleAmerican Resources said separating the coal operations would let the parent focus on critical minerals while the coal business is valued on its own.

The four questions

The four-question write-up for American Carbon Corp. is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.