Arq, Inc. Announces Proposed Public Offering of Common Stock

GREENWOOD VILLAGE, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ:ARQ) ("Arq" or the "Company"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced that it has commenced an underwritten public offering of shares of its common stock, par value $0.001 per share ("common stock"), for sale in an underwritten public offering. All of the shares in the offering are being offered by Arq. Arq expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its common stock in the underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Arq intends to use the net proceeds from this proposed offering for general corporate purposes, which may include working capital, capital expenditures, including continued construction of granular activated carbon facilities at Arq's Red River and Corbin manufacturing facilities located in Coushatta, Louisiana and Corbin, Kentucky, respectively, research and development expenditures, commercial expenditures, debt service costs and repayment, acquisitions of new technologies, products or businesses, and investments. Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering. A shelf registration statement on Form S-3 (File No. 333-281762) relating to the shares was previously filed with the Securities and Exchange Commission (the "SEC") and became effective on September 4, 2024. The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. A copy of the preliminary prospectus supplement and accompanying prospectus, when available, may be obtained by contacting: Arq, Inc., 8051 E. Maplewood Ave., Suite 210, Greenwood Village, Colorado ...