American Resources’ Subsidiary Electrified Materials Enters Into Binding LOI To Acquire Blackion In $13.2M All-Stock Transaction
Strategic all-stock transaction values Blackion at approximately $13.2 million based on a $275 million pre-money valuation of Electrified Materials CorporationAcquisition adds experienced management, commercial
American Resources' battery company is buying another company called Blackion for $13.2 million in stock. This adds new leaders and might help the battery business grow faster.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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