M&A - Arq, Inc.

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Merger

Type: Update

Accession Number: 000151515625000085

Filing Summary: On June 3, 2025, Arq, Inc. was informed that its independent registered public accounting firm, Moss Adams, LLP, merged with Baker Tilly US, LLP, effective the same day. Following this merger, Moss Adams has resigned as the auditors for Arq, Inc. Subsequently, the Audit Committee of the Board of Directors approved the appointment of Baker Tilly as the new independent registered public accounting firm for the Company. The last audit reports from Moss Adams for the years ended December 31, 2024 and 2023 did not contain any adverse opinions or disclaimers and were not modified concerning uncertainty, audit scope, or accounting principles. There were no disagreements with Moss Adams regarding accounting practices or financial statement disclosures during the relevant periods. Furthermore, there were no reportable events that required disclosure before Moss Adams’ resignation. Arq, Inc. has requested a letter from Moss Adams to the Commission confirming their agreement or disagreement regarding the statements made in this filing. This letter, dated June 9, 2025, is attached as Exhibit 16.1.

Form Type: 10-K

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: New

Accession Number: 000151515625000014

Filing Summary: Arq, Inc. is an environmental technology company focused on advanced purification technologies (APT) related to the treatment of air, water, and soil. The company primarily sells consumable activated carbon (AC) products derived from various carbonaceous materials, including a lignite coal mine that supplies raw material for manufacturing. In 2023, Arq, Inc. completed the acquisition of Legacy Arq, a company providing access to additional coal feedstock and manufacturing facilities. This acquisition enhances Arq's production capacity and diversification into new markets like groundwater treatment. The company has transitioned its branding and began trading on Nasdaq under the new ticker symbol 'ARQ.' In fiscal year ending December 31, 2024, Arq reported significant dependency on three primary customers, indicating potential risks associated with customer loss. Furthermore, advances in product development, including a new carbon powder intended for high-value applications, indicate strategic growth initiatives aimed at lowering carbon footprints and accessing new markets.