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American Resources (NASDAQ:AREC) Corporation, a coal and lignite mining company, has received a notification from the Nasdaq Stock Market on May 29, 2025, regarding noncompliance with Nasdaq’s Listing Rules due to the late filing of its Form 10-Q for the fiscal year ended March 31, 2025.
The notification does not immediately affect the trading of the company’s stock on the Nasdaq Capital Market. The company has 60 days to submit a plan to regain compliance. If the plan is accepted, American Resources Corp will have an additional 180 days to file the overdue 10-Q report and comply with the Nasdaq’s Listing Rules.
The company, headquartered in Fishers, Indiana, and incorporated in Florida, reported that it had filed the required 10-Q on May 28, one day before receiving the notice, and was in compliance with Nasdaq’s Continued Listing Standards at that time.
This development follows the company’s previous name changes from NGFC Equities, Inc. and Natural Gas Fueling & Conversion Inc. The SEC filing included a letter from Nasdaq dated May 29, 2025, as an exhibit, detailing the delisting notification.
The information is based on a press release statement filed with the SEC.
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