{"schema_version":"secwatch.filing_event.v1","accession":"0001515156-26-000008","form_type":"8-K","ticker":"ARQ","cik":"0001515156","company_name":"Arq, Inc.","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.287789+00:00","generated_at":"2026-05-15T22:14:18.379813+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Arq amends credit agreement to lower minimum liquidity covenant through March 2026","bullets":["Fourth Amendment to revolving credit agreement with MidCap Funding IV Trust, dated Feb 27, 2026.","Minimum liquidity reduced to $2.0M through March 31, 2026, then $5.0M thereafter (previously higher).","Inventory borrowing base capped at 50% of revolver limit until March 31, then 40% after.","Individual account concentration limit set at 40% until March 31, then 25%; top two at 50%, then 40%."],"urls":{"canonical":"https://secwatch.observer/filing/0001515156-26-000008","json":"https://secwatch.observer/filing/0001515156-26-000008.json","markdown":"https://secwatch.observer/filing/0001515156-26-000008.md","text":"https://secwatch.observer/filing/0001515156-26-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1515156/000151515626000008/0001515156-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1515156/000151515626000008/ades-20260227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:14:18.379813+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4c6520cbaed0cf8f0d7d1caa09552c0a740e20f4","claim":"Arq, Inc. amended Fourth Amendment with MidCap Funding IV Trust (effective 2026-02-27).","evidence_excerpt":"On February 27, 2026 , Arq, Inc. (the \"Company\") and certain of its subsidiaries, entered into the fourth amendment (the \"Fourth Amendment\") to the Credit, Security and Guaranty Agreement (the \"Revolving Credit Agreement\"), dated December 27, 2024, as amended on May 6, 2025, December 9, 2025, and January 28, 2026, 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_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1515156/000151515626000008/0001515156-26-000008-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"MidCap Funding IV Trust"},{"label":"Effective","value":"2026-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}