American Resources Corporation Sets Record Date of December 31, 2024 for Special Dividend and Closes Initial Investments of Private Funding for ReElement Technologies Corporation
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American Resources Corporation (NASDAQ:AREC) announced a special dividend of shares in its subsidiary, ReElement Technologies, to be distributed to shareholders of record as of December 31, 2024. The distribution will occur on or about February 15, 2025. ReElement Technologies has also closed initial investments from a private funding round.
November 14, 2024 | 11:45 am
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American Resources Corporation is issuing a special dividend of ReElement Technologies shares to its shareholders, with a record date of December 31, 2024. This move could attract investors looking for value in the form of additional shares.
The announcement of a special dividend in the form of shares in a subsidiary is likely to be seen positively by investors, as it provides additional value. The record date and distribution date are clearly defined, which adds certainty to the process.
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