Arq and Advanced Emissions Solutions to merge

UK-based environmental technology company Arq and NASDAQ-listed Advanced Emissions Solutions (ADES) agreed to merge. ADES shareholders will receive up to USD 10 million in cash and retain 47.4% to 49.5% of the combined company, alongside a USD 20 million equity placement from Arq investors.

“The merger will allow ADES shareholders to receive up to USD 10m of cash proceeds, at a price of USD 0.52 per share, and to retain between 47.4% and 49.5% of the outstanding shares of the combined company”calash.com

• 1 source
• calash.comCalash advises on the merger of Arq and Advanced Emissions Solutions -JamesAug 22, 2022

Summarized from public sources; check the original articles before acting on it.