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Arq Inc ( (ARQ) ) has issued an update.
Arq, Inc. has launched an underwriting agreement to sell over 4.7 million shares at $5.25 each, potentially raising up to $26.6 million if additional shares are sold. This capital boost is slated for corporate enhancements, including upgrading its Louisiana and Kentucky facilities. Despite terminating a construction contract for efficiency gains, the company confirms project timelines are on track. Arq remains committed to its mission as a leading producer of environmentally sustainable carbon products, ensuring a reliable supply while fostering a cleaner planet.
For an in-depth examination of ARQ stock, go to TipRanks’ Stock Analysis page.
