Arq Inc.

03/03/2026 | Press release | Distributed by Public on 03/03/2026 16:06

Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.
On February 27, 2026, Arq, Inc. (the "Company") and certain of its subsidiaries, entered into the fourth amendment (the "Fourth Amendment") to the Credit, Security and Guaranty Agreement (the "Revolving Credit Agreement"), dated December 27, 2024, as amended on May 6, 2025, December 9, 2025, and January 28, 2026, with MidCap Funding IV Trust, in its capacity as agent, the lenders from time to time party thereto, and any entities that become party thereto as Guarantors. The Fourth Amendment provides for, among other things, an extension to the amendments to the borrowing availability calculation included in the Revolving Credit Agreement, and an extension to the amendment to the Company's minimum liquidity covenant providing for decreased minimum liquidity required for the date range shown in the table below:
Applicable Dates Minimum Liquidity Required
December 10, 2025, through March 31, 2026 $2.0 million
April 1, 2026, and at all times thereafter $5.0 million
The foregoing description of the Fourth Amendment is only a summary of its material terms and does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
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