Arq announces $15 million pipe transaction

Entered into $15 million pipe at $7.00 per share, reflecting a roughly 3% discount to yesterday's close transaction resulted from unsolicited offer from new, accredited institutional investor bolsters long-term growth strategy, provides additional third-party validation of strategy and prospects greenwood village, colo., may 16, 2024 (globe newswire) -- arq, inc. (nasdaq: arq) (the "company" or "arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced that it has entered into a transaction with a new institutional accredited investor for the issuance and sale of approximately $15 million of common stock (the "pipe").
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