M&A - Arq, Inc.

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.

Document Link: View Document