Current Report Filing (8-k)
October 11 2019 - 4:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of Earliest event Reported): October 7,
2019
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
Florida
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000-55456
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46-3914127
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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9002
Technology Lane, Fishers Indiana, 46038
(Address
of principal executive offices)
(317)
855-9926
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard
On
October 7, 2019, American Resources Corporation (or the
“Company”) received a letter from the Nasdaq Stock
Market indicating that for 30 consecutive business days the
Company’s stock has not maintained a minimum closing bid
price of $1.00 per share (“Minimum Bid Price
Requirement”) as required by Nasdaq Listing Rule
5550(a)(2).
The notification of noncompliance has no immediate effect on the
listing or trading of the Company’s stock on the Nasdaq
Capital Market. Under the Listing Rules, if during the 180 calendar
days following the date of the notification, or prior to April 6,
2020, the closing bid price of the Company’s stock is at or
above $1.00 for a minimum of 10 consecutive business days, the
Company will regain compliance with the Minimum Bid Price
Requirement and the common stock will continue to be eligible for
listing on the Nasdaq Capital Market.
If the
Company does not achieve compliance with the Minimum Bid Price
Requirement by April 6, 2020, the Company may be eligible for an
additional 180 day period to meet the continued listing requirement
for market value of publicly held shares and all other initial
listing standards for the Nasdaq Capital Market, with the exception
of the Minimum Bid Price Requirement, by providing a written notice
of its intention to cure the deficiency during the second
compliance period. If the Company meets these requirements, an
additional 180 days will be granted. If the Company will not be
able to cure the deficiency, or if the Company is otherwise not
eligible, Nasdaq will provide a notice that the Company’s
common stock will be subject to delisting.
Item 9.01. Financial Statements and
Exhibits.
(d)
Exhibits
The
following exhibits are attached hereto and filed
herewith.
Exhibit No.
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Description
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Notification
Letter from Nasdaq dated October 7, 2019
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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American Resources
Corporation
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Date:
October 11, 2019
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By:
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/s/ Mark C.
Jensen
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Mark C.
Jensen
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Chief Executive
Officer
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American Resources (NASDAQ:AREC)
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