---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-25-000151"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:29:38.634654+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Arq amends credit agreement; liquidity floor cut to $2M through Jan 30, 2026

## Summary
- Minimum liquidity reduced from $5M to $2M for Dec 10, 2025–Jan 30, 2026; reverts to $5M after Jan 31, 2026.
- Borrowing base inventory cap lowered to 50% (Dec 10–Jan 30) then 40% after; concentration limits also tightened.
- Second Amendment with MidCap Funding IV Trust; amendment fee paid (amount redacted as confidential).
- All Credit Parties reaffirm security interest and release Agent/Lenders from pre-existing claims.

## SEC filing metadata
- accession: 0001515156-25-000151
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515625000151/0001515156-25-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515625000151/ades-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-25-000151
- JSON: https://secwatch.observer/filing/0001515156-25-000151.json
- Plain text: https://secwatch.observer/filing/0001515156-25-000151.txt

## Key facts
- Material Agreements
  Arq, Inc. amended Second Amendment with MidCap Funding IV Trust, in its capacity as agent, the lenders from time to time party thereto, and any entities that become party thereto as Guarantors (effective 2025-12-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MidCap Funding IV Trust, in its capacity as agent, the lenders from time to time party thereto, and any entities that become party thereto as Guarantors
  - Effective: 2025-12-09
  source text: On December 9, 2025 , Arq, Inc. (the "Company") and certain of its subsidiaries, entered into the second amendment (the "Second Amendment") to the Credit, Security and Guaranty Agreement (the "Revolving Credit Agreement"), dated December 27, 2024, as amended on May 6, 2025, with MidCap Funding IV Trust, in its capacity as agent, the lenders from time to time party thereto, and any entities that become party thereto as Guarantors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515625000151/0001515156-25-000151-index.htm

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