Arq, Inc. 8-K

What Happened
Arq, Inc. announced on its Form 8‑K (filed March 3, 2026) that it and certain subsidiaries entered into a Fourth Amendment to its Credit, Security and Guaranty Agreement dated February 27, 2026. The amendment, with MidCap Funding IV Trust as agent and the lenders party to the credit facility, extends prior amendments and adjusts borrowing availability mechanics and the company’s minimum liquidity covenant for a defined period.

Key Details

• Fourth Amendment dated February 27, 2026 to the Revolving Credit Agreement originally dated December 27, 2024 (previously amended May 6, 2025; Dec. 9, 2025; Jan. 28, 2026).
• Minimum liquidity requirement set at $2.0 million for the period December 10, 2025 through March 31, 2026.
• Minimum liquidity requirement increases to $5.0 million effective April 1, 2026 and at all times thereafter.
• Amendment also extends previously amended borrowing-availability calculations (no additional borrowing amount disclosed in the 8‑K).

Why It Matters
This amendment temporarily lowers the company’s required cash or liquid resources to $2.0M for the near term, before returning to a $5.0M requirement on April 1, 2026. For investors, that change can provide Arq with more short-term flexibility in managing cash and operations under its credit facility; it does not, by itself, disclose new borrowings or a change in outstanding loan amounts. The full Fourth Amendment is filed as an exhibit to the 8‑K for investors seeking the detailed legal terms.