Form 4: Arq Inc. Director Jeremy Blank Reports Acquisition of Shares Through Warrant Exercise

Director Jeremy Blank reports the acquisition of shares in Arq, Inc. through the exercise of a warrant by CF Global Credit, LP, along with indirect beneficial ownership through other entities.

Summary

• On March 29, 2024, Jeremy Blank, a Director of Arq, Inc., reported the acquisition of 324,955 shares of common stock at a price of $0.01 per share.
• These shares were acquired through the exercise of a warrant held by CF Global Credit, LP.
• Blank also reported indirect beneficial ownership of 1,855,388 shares held by YGF 100 LP and 43,270 shares held by Community SPV GP LP.
• Blank disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
• The warrant, issued in connection with a Term Loan and Security Agreement dated February 1, 2023, had an exercise price of $0.01 per share and expired on February 1, 2030.
• CF Global Credit, LP exercised the warrant in full on March 29, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing related to insider transactions. The warrant exercise itself could be seen as a slightly positive signal.

Positives

• The exercise of the warrant by CF Global Credit, LP indicates confidence in Arq, Inc.'s prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The warrant was issued to CF Global Credit, LP in connection with a Term Loan and Security Agreement, indicating a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates