---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-26-000002"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:25:22.881619+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Arq amends credit agreement; borrow-base & liquidity relief extended to Feb 2026

## Summary
- Third Amendment to Revolving Credit Agreement with MidCap Funding IV Trust.
- Inventory borrowing base advance rate: 50% thru 2/27/2026, then drops to 40%.
- Minimum liquidity reduced to $2.0M until 2/27/2026, then steps up to $5.0M.
- Eligible accounts concentration limits raised temporarily until Feb 2026.
- All other terms of the $125M credit facility remain unchanged per filing.

## SEC filing metadata
- accession: 0001515156-26-000002
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515626000002/0001515156-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515626000002/ades-20260128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-26-000002
- JSON: https://secwatch.observer/filing/0001515156-26-000002.json
- Plain text: https://secwatch.observer/filing/0001515156-26-000002.txt

## Key facts
- Material Agreements
  Arq, Inc. amended Third Amendment with MidCap Funding IV Trust (effective 2026-01-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MidCap Funding IV Trust
  - Effective: 2026-01-28
  source text: entered into the third amendment (the "Third Amendment") to the Credit, Security and Guaranty Agreement (the "Revolving Credit Agreement"), dated December 27, 2024, as amended on May 6, 2025 and December 9, 2025, with MidCap Funding IV Trust, in its capacity as agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515626000002/0001515156-26-000002-index.htm

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