DelistingApr 30, 2026, 05:17 PM
AREC Receives Nasdaq Delisting Notice for Late 10-K Filing
AI Summary
American Resources Corporation (AREC) received a notice from Nasdaq on April 24, 2026, indicating non-compliance with listing rules due to the late filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This notification does not immediately affect the trading of AREC's common stock. The company has 60 days to submit a compliance plan, with a potential extension of up to 180 days. AREC is actively working with its auditors to file the Form 10-K, which will include deconsolidation of certain operations and a streamlined business structure.
Key Highlights
- AREC received a delisting notice from Nasdaq on April 24, 2026.
- The notice is due to non-compliance with Nasdaq Listing Rule 5250(c)(1) for failing to timely file its Form 10-K for fiscal year 2025.
- The notification has no immediate effect on the listing or trading of the Company's common stock.
- The Company has 60 calendar days to submit a plan to regain compliance.
- If accepted, Nasdaq may grant an exception of up to 180 calendar days from the original 10-K due date.
- AREC is actively working with its independent auditor to complete the Form 10-K.
- The Form 10-K will reflect deconsolidation of certain operations and a streamlined business structure.