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

Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001515156-25-000151
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515625000151/0001515156-25-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515625000151/ades-20251209.htm
  HTML page:      https://secwatch.observer/filing/0001515156-25-000151

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