---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-24-000097"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T20:57:49.749145+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Arq raises ~$15M in PIPE at $7.00/sh, 5.7% dilution from new investor

## Summary
- Issued 2,142,858 shares at $7.00 each, gross proceeds ~$15M via unsolicited institutional offer.
- PIPE priced at 3% discount to May 15 close ($7.25); adds 5.7% fully diluted ownership.
- CEO says transaction accretive, de-risks Red River investment, lowers cost of capital.
- Proceeds for working capital, capex; registration statement for resale to be filed.
- Closing expected May 16, 2024; customary conditions apply.

## SEC filing metadata
- accession: 0001515156-24-000097
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000097/0001515156-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000097/ades-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-24-000097
- JSON: https://secwatch.observer/filing/0001515156-24-000097.json
- Plain text: https://secwatch.observer/filing/0001515156-24-000097.txt

## Key facts
- Material Agreements
  Arq, Inc. entered into Purchase Agreement with certain accredited investors valued at approximately $15 million (effective 2024-05-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: approximately $15 million
  - Effective: 2024-05-15
  source text: On May 15, 2024, Arq, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors named therein (the “Purchasers”) for the private placement (the “Private Placement”) of an aggregate of 2,142,858 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $7.00 per Share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000097/0001515156-24-000097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.