Arq, inc. announces pricing of $25 million public offering of common stock

Greenwood village, colo., sept. 20, 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 the pricing of an underwritten public offering of 4,770,000 shares of its common stock, par value $0.001 per share (“common stock”), at a price to the public of $5.25 per share. all of the shares in the offering are being sold by arq. the gross proceeds to arq from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $25 million. the offering is expected to close on or about september 23, 2024, subject to customary closing conditions. in addition, arq has granted the underwriters a 30-day option to purchase up to an additional 715,500 shares of its common stock in the underwritten public offering.
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