secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001515156-23-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 1.02, 2.01, 2.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Emissions Solutions completes acquisition of Arq Limited subsidiaries in revised deal
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- ADES issued 3,814,864 common shares and 5,294,462 Series A Preferred shares for 100% of Arq subsidiaries.
- $15.4M PIPE at $4.00/share from Arq shareholders and management; $10M term loan from CF Global.
- Post-close ownership: legacy ADES 59.2%, Arq 28.0%, PIPE 11.8%, lender warrants 1.0%.
- Board expanded to 7; Julian McIntyre, Richard Campbell-Breeden, Jeremy Blank appointed.
- Prior Transaction Agreement terminated; revised terms eliminate original business combination structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000003/0001515156-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000003/ades-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000003

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