American Resources Corp (AREC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 14, 2025

Risk Assessment Details

Potential Dilution: 2.9% of current shares
Recent Dilution: 8587.3% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
84M
Potential Supply
2.4M
Additional shares possible
Splits
None
Past 2 years

Summary

AREC currently has 84.3M outstanding shares. with limited dilution risk as only 2.44M additional shares (2.9%) are authorized for issuance. The company has significantly diluted shareholders by 8587.3% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 14, 2025

10-Q filing | 84.3M shares outstanding

84M 2.4M
Oct 17, 2025

8-K filing: American Resources Corporation entered into securities purchase agreements to sell 2,661,764 shares of common stock and pre-funded warrants to purchase up to 5,181,374 shares of common stock in a private placement offering, with the offering anticipated to close on or about October 16, 2025. ($16.22M proceeds)

76M 10M
Oct 14, 2025

8-K filing: American Resources Corporation entered into securities purchase agreements to sell 9,480,282 shares of common stock at $3.55 per share in a private placement offering, with Maxim Group LLC acting as the placement agent. ($33.65M proceeds)

76M 10M
Feb 04, 2025

8-K filing: CGrowth Capital, Inc. purchased 100% of the issued and outstanding shares of common stock of American Infrastructure Corporation in exchange for ten million shares of newly created Series A Preferred Stock.

76M 10M
Jan 06, 2025

8-K filing: American Resources Corporation's subsidiary, American Infrastructure Corporation (AIC), entered into a binding term sheet for a merger with CGrowth Capital, Inc. (CGRA), where CGRA will acquire 100% of AIC's common stock in exchange for ten million shares of newly created Series A Preferred Stock.

76M 10M
Nov 19, 2024

10-Q filing | 76.2M shares outstanding

76M 10M
Aug 19, 2024

10-Q filing | 77.4M shares outstanding

77M 9.3M
Jul 02, 2024

8-K filing: American Resources Corporation's subsidiary, American Metals LLC, entered into a Business Combination Agreement with Electrified Materials Corporation and AI Transportation Acquisition Corp., involving mergers and share exchanges to create a combined entity, with the shareholders of American Metals LLC receiving Pubco Common Stock valued at $100,000,000 plus potential earnout consideration. ($100.0M proceeds)

890K 86M
Apr 15, 2024

10-K filing | 0.9M shares outstanding

890K 86M
Nov 14, 2023

10-Q filing | 65.1M shares outstanding

65M 22M
Aug 14, 2023

10-Q filing | 66.8M shares outstanding

67M 20M
May 15, 2023

10-Q filing | 66.8M shares outstanding

67M 20M
May 01, 2023

S-3/A filing: This is an S-3/A filing by American Resources Corporation.

65M 22M
Apr 18, 2023

S-3/A filing: This is an S-3/A filing by American Resources Corporation.

65M 22M
Apr 07, 2023

S-3/A filing: American Resources Corporation intends to offer and sell Class A Common Stock, Warrants and Units, in one or more series or issuances, up to an aggregate amount of $36,390,000.

65M 22M
Mar 31, 2023

10-K filing | 65.1M shares outstanding

65M 22M
Feb 06, 2023

8-K filing: American Resources Corporation entered into an agreement with Golden Properties Ltd. to convert $9,891,241.12 of debt into 9,420,230 shares of class A common stock.

67M 20M
Nov 14, 2022

10-Q filing | 66.9M shares outstanding

67M 20M
Sep 06, 2022

8-K filing: American Resources Corporation sells the exclusive rights to Graphene Technologies to Novusterra Inc. for 4.0 million shares valued at $4.00 per share. ($16.0M proceeds)

67M 20M
Aug 15, 2022

10-Q filing | 66.6M shares outstanding

67M 20M
Jun 03, 2022

S-3 filing: American Resources Corporation is filing a shelf registration to offer and sell Class A Common Stock, Warrants and Units up to an aggregate amount of $36,390,000.

65M 22M
May 16, 2022

10-Q filing | 65.1M shares outstanding

65M 0
Apr 07, 2022

8-K filing: American Resources Corporation entered into a Letter of Intent to acquire Energy Technologies Inc., involving cash and stock consideration. ($3.0M proceeds)

65M 0
Mar 30, 2022

10-K filing | 65.1M shares outstanding

65M 0
Jan 14, 2022

8-K filing: American Resources Corporation issued a 7.5% equity membership interest in its subsidiary, American Rare Earth LLC, to HG Ventures LLC. Additionally, American Resources issued a warrant to Heritage to purchase up to $50,000,000 of American Rare Earth's equity ownership interest at a pre-money valuation of $300,000,000.

61M 0
Nov 15, 2021

10-Q filing | 60.8M shares outstanding

61M 0
May 12, 2021

10-Q filing | 51.9M shares outstanding

52M 0
Oct 29, 2020

10-Q filing | 35.6M shares outstanding

36M 0
Jul 23, 2020

10-Q filing | 26.3M shares outstanding

26M 0
Jun 17, 2020

10-Q filing | 26.0M shares outstanding

26M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime