$AREC Announces Filing of SPAC Registration Statement

NASDAQ:AREC   American Resources Corporation
$AREC American Resources Corporation Announces Filing of SPAC Registration Statement

$AREC Company's SPAC is targeting acquisitions in the land holding and resource industry, and will focus on advancing land and resource assets towards a modern-day business model of clean energy, recycling and redevelopment, and social impact .

$AREC today announced that American Acquisition Opportunity Inc. , a special purpose acquisition company (the "SPAC" or "AAOI"), in which the Company has an indirect investment, filed a Registration Statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") on February 4, 2021 in connection with a proposed initial public offering of its units.

The proposed public offering is expected to have a base offering size of $100 million, or up to $115 million if the underwriters' over-allotment option is exercised in full.