Arq, Inc. Announces Pricing of $25 Million Public Offering of Common Stock

Core Viewpoint - Arq, Inc. has announced a public offering of 4,770,000 shares of common stock priced at $5.25 per share, aiming to raise approximately $25 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consists of 4,770,000 shares of common stock, with gross proceeds expected to be around $25 million [1]. - The offering is set to close on or about September 23, 2024, subject to customary closing conditions [1]. - Arq has granted underwriters a 30-day option to purchase an additional 715,500 shares [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures for activated carbon facilities, research and development, debt service, and potential acquisitions [2]. Group 3: Underwriters and Registration - Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering [3]. - A shelf registration statement related to the shares was filed with the SEC and became effective on September 4, 2024 [4].