Arq, Inc. — fact timeline

Arq, Inc. amended Sixth Amendment to Tax Asset Protection Plan with Computershare Trust Company, N.A. (effective 2023-04-13).

“On April 13, 2023, Advanced Emissions Solutions, Inc. (the "Company"), a Delaware corporation, entered into the Sixth Amendment to Tax Asset Protection Plan (the "Sixth Amendment") between the Company and Computershare Trust Company, N.A. (the "Rights Agent") that amends the Tax Asset Protection Plan dated May 5, 2017, as amended (the "TAPP") between the Company and the Rights Agent.”

Laurie Bergman was appointed as Director at Arq, Inc..

“On April 11, 2023, the Board appointed Laurie Bergman to the Board, effective immediately following the Resignation Effective Time (the "Appointment Time") to fill the vacancy created by Mr. Simonton's resignation from the Board.”

Taylor Simonton resigned as Director at Arq, Inc..

“On April 11, 2023, Taylor Simonton resigned from his position as a member of the Company's Board of Directors (the "Board") effective as of 8 am (Mountain Time) on the date of the Company's 2023 Annual Meeting of Stockholders”

Arq, Inc. reported financial results for quarter and year December 31, 2022.

“filed its Annual Report on Form 10-K and reported financial results for the quarter and year December 31, 2022.”

Arq, Inc.: Designation of 8,900,000 shares of preferred stock as Series A Convertible Preferred Stock and filing of Certificate of Designations (effective 2023-02-01).

“On February 1, 2023, the Company, in connection with the issuance of its Series A Preferred Stock described above, designated 8,900,000 shares of its authorized and unissued preferred stock as Series A Convertible Preferred Stock and filed a Certificate of Designations of Preferred Stock with the Secretary of State of the State of Delaware, which is attached hereto as Exhibit 3.1 and incorporated by reference herein.”

Arq, Inc. completed an acquisition involving Arq Limited (closed 2023-02-01).

“The Transaction closed concurrently with execution of the Purchase Agreement.”

Arq, Inc. entered into Securities Purchase Agreement with Arq Limited (effective 2023-02-01).

“On February 1, 2023, Advanced Emissions Solutions, Inc. ("ADES" or the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with Arq Limited, a company incorporated under the laws of Jersey ("Arq"), pursuant to which ADES acquired all of the direct and indirect equity interests of Arq’s subsidiaries (collectively, the "Purchased Interests") in exchange for consideration consisting of (i) 3,814,864 shares of common stock, par value $0.001 per share, of ADES (the "Common Stock"), representing 19.9% of the outstanding shares of Common Stock prior to the completion of the transactions contemplated by the Purchase Agreement, and (ii) 5,294,462 shares of Series A Convertible Preferred Stock, par value $0.001 per share, of ADES (the "Series A Preferred Stock" and the acquisition by ADES of the Purchased Interests, the "Transaction").”

Jeremy Blank was elected as Director at Arq, Inc..

“On February 1, 2023, the Board of Directors (the "Board") of the Company expanded the size of the Board from four to seven members and elected Julian McIntyre, Richard Campbell-Breeden and Jeremy Blank to the newly created vacancies on the Board, effective immediately.”

Richard Campbell-Breeden was elected as Director at Arq, Inc..

“On February 1, 2023, the Board of Directors (the "Board") of the Company expanded the size of the Board from four to seven members and elected Julian McIntyre, Richard Campbell-Breeden and Jeremy Blank to the newly created vacancies on the Board, effective immediately.”

Julian McIntyre was elected as Director at Arq, Inc..

“On February 1, 2023, the Board of Directors (the "Board") of the Company expanded the size of the Board from four to seven members and elected Julian McIntyre, Richard Campbell-Breeden and Jeremy Blank to the newly created vacancies on the Board, effective immediately.”

Arq, Inc. reported the quarter ended September 30, 2022 results: revenue $28.4 million, net income net loss of $2.4 million, EPS $0.13 per diluted share.

“Group, LLC and Tinuum Services, LLC (collectively "Tinuum"), of which ADES owns 42.5% and 50%, respectively. Third Quarter Highlights • Third quarter consumables revenue was $28.4 million compared to $26.7 million in the prior year period. • Third quarter net loss was $2.4 million compared to net income of $24.3 million in the prior year period, which reflects the”

Morgan Fields was appointed as Chief Accounting Officer at Arq, Inc..

“On August 12, 2021, the Company's board of directors ("BOD") approved the creation of the Chief Accounting Officer position and the appointment of Morgan Fields to this position effective August 17, 2021.”