# 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.

- Type: Acquisition
- Announced: 2022-08-22
- Value: $10.0M
- Status: announced
- Products: specialty carbon products, micro-fine hydrocarbon powder, activated carbon
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arq Limited](https://endata.com/companies/64802.md)
- [Advanced Emissions Solutions, Inc.](https://endata.com/companies/64801.md) (target)

## Sources

- [calash.com](https://www.calash.com/insights/calash-advises-on-the-merger-of-arq-and-advanced-emissions-solutions/), 2022-08-22: "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"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.