secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001515156-24-000163
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arq prices $25M public offering of 4.77M shares at $5.25; terminates Red River construction contract
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- Priced underwritten offering of 4,770,000 shares at $5.25/share; gross proceeds ~$25M.
- Net proceeds ~$23.1M ($26.6M if underwriters exercise 715,500-share option); use for capex, working capital, debt.
- Terminated construction contract with Wieland-Davco for Red River GAC facility; will manage construction internally.
- CEO Robert Rasmus expected to participate in offering; board granted exemption under Tax Asset Protection Plan.
- Offering expected to close September 23, 2024; Canaccord Genuity and Roth Capital Partners are joint bookrunners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000163/0001515156-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000163/ades-20240917.htm
  HTML page:      https://secwatch.observer/filing/0001515156-24-000163

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