Fri Sep 20 12:21:00 UTC 2024: ## Arq, Inc. Announces $25 Million Public Offering to Fuel Growth

**GREENWOOD VILLAGE, Colo., Sept. 20, 2024 (GLOBE NEWSWIRE)** – Arq, Inc. (NASDAQ: ARQ), a leading producer of activated carbon and environmentally friendly carbon products, today announced the pricing of a $25 million public offering of 4,770,000 shares of its common stock.

The offering, priced at $5.25 per share, is expected to close on or about September 23, 2024, subject to customary closing conditions. Arq intends to use the net proceeds from the offering for general corporate purposes, including:

* Working capital
* Capital expenditures, specifically the continued construction of granular activated carbon facilities at Arq’s Red River and Corbin manufacturing locations
* Research and development
* Commercial expenditures
* Debt service costs and repayment
* Acquisitions of new technologies, products, or businesses
* Investments

Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering.

Arq is a vertically integrated producer of activated carbon products in North America, providing a reliable domestic supply of innovative and high-demand products. The company’s focus is on developing groundbreaking solutions to remove harmful chemicals and pollutants from water, land, and air.

“This capital raise allows us to accelerate our growth plans and further invest in our strategic initiatives,” said [insert name and title of Arq executive]. “We believe this offering positions us to continue to deliver sustainable and innovative solutions for a cleaner and safer planet.”

**About Arq, Inc.**

Arq is a diversified, environmental technology company committed to a cleaner and safer planet. As the only vertically integrated producer of activated carbon products in North America, Arq delivers a reliable domestic supply of innovative and high-demand products. The company leverages its expertise to develop groundbreaking solutions for removing harmful chemicals and pollutants from water, land, and air.

**Forward-Looking Statements**

This press release contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed in the forward-looking statements. Investors are advised to consult Arq’s filings with the SEC for a more comprehensive discussion of these risks and uncertainties.

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