Brief: Advanced Emissions Solutions Announces Merger With Arq

Arq

19/08/2022 22:09

Aug 19 (Reuters) - Advanced Emissions Solutions Inc
 ADES.O :
    * ADVANCED EMISSIONS SOLUTIONS ANNOUNCES MERGER WITH ARQ
LIMITED
    * ADVANCED EMISSIONS SOLUTIONS INC - ADES SHAREHOLDERS MAY
ELECT
TO RECEIVE UP TO AN AGGREGATE OF $10.0 MILLION OF CASH PROCEEDS
IN MERGER
    * ADVANCED EMISSIONS SOLUTIONS INC - COMBINED COMPANY
PROJECTED TO
GENERATE ANNUAL REVENUE OF $196 MILLION AND ANNUAL EBITDA OF $61
MILLION BY 2026
    * ADVANCED EMISSIONS SOLUTIONS- TO CONTINUE TO OPERATE AS
PUBLIC
CO, WITH ITS SHARES LISTED ON NASDAQ GLOBAL MARKET UNDER ITS
EXISTING TICKER SYMBOL
    * ADVANCED EMISSIONS SOLUTIONS INC - ADES SHAREHOLDERS WILL
RETAIN
AT LEAST 47.4% OF OUTSTANDING SHARES OF COMBINED COMPANY
    * ADVANCED EMISSIONS SOLUTIONS INC -  WILL CONTINUE TO
OPERATE AS
A PUBLIC COMPANY, WITH ITS SHARES LISTED ON NASDAQ GLOBAL MARKET
    * ADVANCED EMISSIONS SOLUTIONS INC - AS PART OF COMPLETION
OF
MERGER, INTENDS TO INCREASE NUMBER OF ITS AUTHORIZED SHARES OF
COMMON STOCK TO 125 MILLION

Source text for Eikon:  ID:nGNX6Fsq2m 
Further company coverage:  ADES.O 

 ((Reuters.Briefs@thomsonreuters.com;))