American Resources Corporation's Electrified Materials Signs Binding LOI to Acquire Blackion, Expanding Critical Materials and Battery Supply Chain Platform
American Resources' majority-owned subsidiary Electrified Materials (EMCO) has signed a binding LOI to acquire 100% of Blackion LLC, a lithium-ion battery lifecycle and critical materials provider, in an all-stock deal valuing Blackion at approximately $13.2 million. Consideration will be paid in EMCO common stock priced off an agreed $275 million pre-money valuation of EMCO, with 50% issued at closing, 25% after 12 months and 25% after 24 months; the deal remains subject to definitive agreements, customary conditions and any required approvals.
Key figures
- Deal Value Usd
- 13200000
- Deal stage
- binding LOI; definitive agreements and approvals pending
- Deal consideration
- all-stock (EMCO common stock)
- Consideration structure
- 50% of EMCO stock at closing, 25% after 12 months, 25% after 24 months
- Emco pre money valuation
- 275000000
AI analysis
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