secwatch.observer — SEC 8-K summary
======================================

Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001515156-24-000097
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000097/0001515156-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000097/ades-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001515156-24-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer