Arq

Canaccord Genuity Acted as a Lead Bookrunner to Arq Inc. on its $25 Million Public Offering

Canaccord Genuity is pleased to announce that on September 23rd, 2024, its client Arq Inc. (“Arq” or the “Company”) (NASDAQ: ARQ) has closed an underwritten public offering of 4,770,000 shares of its common stock, at a public offering price of $5.25 per share, less underwriting discounts and commissions. Canaccord Genuity acted as a lead bookrunner for the offering.

The total gross proceeds to Arq Inc. from this offering were $25.0 million.

The Company currently intends to use the net proceeds from the 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.

Arq Inc. is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing environmental impact. As the only vertically integrated producer of activated carbon products in North America, Arq delivers a reliable domestic supply of innovative, hard-to-source, high-demand products. The Company applies their extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air.