$Arq Inc (ARQ.US)$
NEWS
Arq Announces $15 Million PIPE Transaction
Arq announced a $15 million PIPE (Private Investment in Public Equity) transaction with a new institutional investor at $7.00 per share, reflecting a 3% discount to the previous day's closing price. This results in the issuance of approximately 2,142,858 common shares, representing a 5.7% ownership stake in the company. The transaction was unsolicited and follows Arq's Q1 2024 earnings report. The company plans to file a registrat...