Advanced Emissions Solutions, Inc.

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.

Advanced Emissions Solutions, Inc. (ADES) entered into a definitive merger agreement with Arq Limited to combine their businesses. ADES shareholders will retain at least 47.4% of the combined company, and a concurrent equity placement of $20 million from Arq investors is planned.