Renaissance Capital logo

Micro-cap coal producer American Resources files for a $9 million Nasdaq IPO

February 6, 2019
American Resources logo

American Resources, a Kentucky-based producer of metallurgical coal, filed on Wednesday with the SEC to raise up to $9 million in an initial public offering on the Nasdaq. The company is currently listed on the OTC Pink under the symbol AREC.

The Fishers, IN-based company was founded in 2013 and plans to list on the Nasdaq under the symbol AREC. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.