Business
Advanced Emissions Solutions Announces Filing of Registration Statement on Form S-4 in Connection with Its Proposed Business Combination with Arq Limited
GREENWOOD VILLAGE, Colo., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”), a leader in emissions
About this update from Arq, Inc.
[{"type":"text","content":"GREENWOOD VILLAGE, Colo., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”), a leader in emissions control solutions for coal-fired power generation industrial and municipal water purification markets, today announced that a registration statement on Form S-4 (the “Registration Statement”) has been filed with the U.S. Securities and Exchange Commission (“SEC”) by Elbert Holdings, Inc. (“New ADES”), a wholly owned subsidiary of ADES, which contains a preliminary proxy statement/prospectus in connection with ADES’ previously announced proposed business combination with Arq Limited (“Arq” and the business combination and related transactions, the “Transactions”). The Registration Statement, which can be found here, provides important information about ADES, New ADES, Arq and the proposed Transactions, but the Registration Statement has not yet become effective and the information contained therein is subject to change. On August 19, 2022, ADES entered into a Transaction Agreement with Arq with respect to the proposed Transactions. The closing of the Transactions is subject to the Registration Statement being declared effective by the SEC, approval of the Transactions by ADES’ shareholders, court approval of the Scheme arrangement of Arq shareholders and other customary closing conditions. Following the closing of the Transactions, New ADES is expected to be renamed to Advanced Emissions Solutions, Inc. and its common stock will trade on the Nasdaq under the symbol “ADES”. About Arq Limited Arq is a privately owned, environmental technology company founded in 2015 that has developed a novel process for producing specialty carbon products from coal mining waste. Arq has the technology and large-scale manufacturing facilities to produce a micro-fine hydrocarbon powder, Arq powder™, that can be used as a feedstock to produce activated carbon. Arq powder™ can also be used as a blending additive for both the Carbon Black and Asphalt markets. When blended with residual fuel oil for marine transportation or utility fuels for energy generation, Arq powder™ provides both a lower cost and an improved environmental footprint. Arq’s products are patent protected with a family of over 70 patents and applications. About Advanced Emissions Solutions, Inc. Advanced Emissions Solutions, Inc...