• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D/A filed by Advanced Emissions Solutions Inc. (Amendment)

    3/13/23 6:14:09 AM ET
    $ADES
    Major Chemicals
    Industrials
    Get the next $ADES alert in real time by email
    SC 13D/A 1 ea174998-13da1arq_advanced.htm AMENDMENT NO. 1 TO SCHEDULE 13D

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    SCHEDULE 13D/A

    (Rule 13d-102)

     

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO RULE 13d-l(a) AND AMENDMENTS THERETO FILED PURSUANT

    TO RULE 13d-2(a) 

    (Amendment No. 1 )*

     

     

     

    Advanced Emissions Solutions, Inc.

    (Name of Issuer)

     

    Common stock, par value $0.001 per share

    (Title of Class of Securities)

     

    00770C101

    (CUSIP Number)

     

    Richard Campbell-Breeden

    Arq Limited
    30A Brook Street
    London W1K 5DJ
    United Kingdom

    +44 (0)7974 680841

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

     

    March 9, 2023

    (Date of Event Which Requires Filing of this Statement)

     

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

     

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

     

     

     

     

     

     

    CUSIP No. 00770C101

     

    1.

    Name of Reporting Entity

     

    ARQ LIMITED

    2.

    Check the Appropriate Box if a Member of a Group (See Instructions)

     

    (a) ☐ (b) ☒

    3.

    SEC Use Only

     

     

    4.

    Source of Funds (See Instructions)

     

    OO (See Item 3)

    5.

    Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

     

    ☐

    6.

    Citizenship or Place of Organization

     

    Jersey

    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting
    Person
    With

    7.

    Sole Voting Power

     

    83,999 shares of Common Stock

    8.

    Shared Voting Power

     

    0

    9.

    Sole Dispositive Power

     

    83,999 shares of Common Stock

    10.

    Shared Dispositive Power

     

     

    11.

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

    83,999 shares of Common Stock

    12.

    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

    ☐
    13.

    Percent of Class Represented by Amount in Row 11

     

    0.31% (1)

    14.

    Type of Reporting Person (See Instructions)

     

    CO

     

    (1) Based upon 26,824,773 shares of the Issuer’s Common Stock outstanding as of February 2, 2023.

     

    2

     

     

    Item 1. Security and Issuer

     

    This Amendment No. 1 (“Amendment No. 1”) to the Statement of Beneficial Ownership on Schedule 13D filed on February 14, 2023 (the “Statement”) is filed with respect to the common stock, par value $0.001 per share (“Common Stock”), of Advanced Emissions Solutions, Inc., a Delaware corporation (the “Issuer”).

     

    Capitalized terms used herein that are not otherwise defined shall have the respective meanings assigned thereto in the Statement.

     

    Except as modified by the information provided in this Item 1, the information set forth in Item 1 of the Statement, is incorporated by reference herein in response to the disclosure requirements of Item 1 of Schedule 13D.

     

    Item 2. Identity and Background

     

    This Amendment No. 1 is being filed by Arq Limited, a company incorporated under the laws of Jersey (“Arq” or the “Reporting Entity”).

     

    The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D.

     

    (d) Criminal Proceedings: During the previous five (5) years, neither the Reporting Entity, nor, to the knowledge of the Reporting Entity, any director, executive officer or controlling person of the Reporting Entity, has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

     

    (e) Civil Proceedings: During the previous five (5) years, neither the Reporting Entity, nor, to the knowledge of the Reporting Entity, any director, executive officer or controlling person of the Reporting Entity, has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction such that, as a result of such proceeding, the Reporting Entity or any such individual was or is subject to a judgment, decree or final order enjoining future violations, of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

     

    3

     

     

    Item 3. Source and Amount of Funds or Other Consideration

     

    The information set forth in Item 3 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 3 of Schedule 13D.

     

    On February 1, 2023, the Issuer entered into a Securities Purchase Agreement with Arq, pursuant to which the Issuer acquired all of the direct and indirect equity interests of Arq’s subsidiaries in exchange for consideration consisting of (i) 3,814,864 shares of Common Stock, and (ii) 5,294,462 shares of Series A Convertible Preferred Stock (“Preferred Stock”), par value $0.001 per share, of the Issuer (together, the “Transaction”).

      

    Following the Transaction, Arq undertook a buyback of its own shares (the “Buyback”) as a means of distributing the Common Stock and Preferred Stock that were the proceeds of the Transaction.

     

    In the Buyback, Arq’s shareholders sold in the aggregate 90% of their ordinary shares in Arq and received in the aggregate 9.78 shares of Common Stock and 11.44 shares of Preferred Stock as consideration for every 1,000 ordinary shares in Arq sold (rounded down to the nearest whole share). After the Buyback, Arq held only 83,999 shares of Common Stock and 930,331 shares of Preferred Stock.

     

    4

     

     

    Item 4. Purpose of Transaction

     

    The information set forth in the corresponding paragraph of the Statement with respect to the Reporting Entity is incorporated by reference herein.

     

    The Reporting Entity reserves the right at any time to change its present intention with respect to any or all of the matters referred to in this Item 4, or to dispose of any or all of the securities of the Issuer purchased by it.

     

    Except as set forth in this Item 4, the Reporting Entity has no current plans or proposals which relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, although Arq does not rule out the possibility of effecting or seeking to effect any such actions in the future.

     

    Item 5. Interest in Securities of the Issuer

     

    All calculations of beneficial ownership percentage in this Amendment No. 1 are made on the basis of 26,824,773 shares of the Issuer’s Common Stock outstanding as of February 2, 2023.

     

    (a) Arq is the beneficial owner of 83,999 shares of Common Stock of the Issuer, constituting 0.31% of the issued and outstanding shares of Common Stock of the Issuer. Arq also holds 930,331 shares of Preferred Stock of the Issuer.

      

    (b) The Reporting Entity possess either sole power or shared power to vote and direct the vote, and sole power or shared power to dispose or to direct the disposition of, the Issuer’s shares of Common Stock described in paragraph (a) above.

     

    (c) Except as described in this Amendment No. 1 and in the Statement, the Reporting Entity has not effected any transactions in the shares of Common Stock of the Issuer.

     

    (d) Not applicable.

     

    (e) The Reporting Entity ceased to be the beneficial owner of more than five percent of shares of Common Stock on March 9, 2023.

     

    Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

     

    The information set forth in Item 1 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 6 of Schedule 13D.

     

    5

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: March 9, 2023  
       
    Arq Limited  
         
    By: /s/ Richard Campbell-Breeden  
      Richard Campbell-Breeden  

     

     

    6

     

     

    Get the next $ADES alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ADES

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $ADES
    SEC Filings

    See more
    • Advanced Emissions Solutions Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

      8-K - Arq, Inc. (0001515156) (Filer)

      2/13/24 4:23:47 PM ET
      $ADES
      Major Chemicals
      Industrials
    • SEC Form EFFECT filed by Advanced Emissions Solutions Inc.

      EFFECT - Advanced Emissions Solutions, Inc. (0001515156) (Filer)

      2/1/24 12:15:09 AM ET
      $ADES
      Major Chemicals
      Industrials
    • Advanced Emissions Solutions Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits

      8-K - Advanced Emissions Solutions, Inc. (0001515156) (Filer)

      1/31/24 4:41:29 PM ET
      $ADES
      Major Chemicals
      Industrials

    $ADES
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Advanced Emissions Solutions Completes Rebrand as Arq and Will Ring NASDAQ Opening Bell on February 1, 2024

      Shares to commence trading under the new Nasdaq ticker "ARQ" on February 1, 2024, with Company celebrating event by ringing the Nasdaq opening bell in New York Reflects strategic evolution to a leading North American environmental technology company GREENWOOD VILLAGE, Colo., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ:ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced the completion of its previously announced corporate rebrand from Advanced Emissions Solutions, Inc. ("ADES") to Arq, Inc. The Company will begin trading on the Nasdaq Global Market under

      1/31/24 4:35:00 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Advanced Emissions Solutions Signs Contract for Construction of Granular Activated Carbon Expansion at Red River Plant with Wieland

      GREENWOOD VILLAGE, Colo., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the "Company" or "ADES"), an environmental technology company producing activated carbon and other unique carbon solutions for use in water, air and soil purification, and sustainable materials, today announced that it has executed the contract with Wieland Davco Corporation ("Wieland") for the construction of its strategic Granular Activated Carbon ("GAC") facility at its Red River plant in Coushatta, LA ("Red River"). Mobilization of construction operations has already commenced and the mechanical completion of the project is anticipated by Q4 2024, as forecasted. The contract i

      1/24/24 4:05:00 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Advanced Emissions Solutions to Rebrand as Arq, Inc.

      Reflects strategic evolution to a leading North American environmental technology company Corporate rebrand and NASDAQ ticker change to "ARQ" effective February 1, 2024 GREENWOOD VILLAGE, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) --  Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the "Company" or "ADES"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced a corporate rebrand to Arq, Inc. ("Arq"), expected to be effective before market open on Thursday, February 1, 2024. This corporate rebrand follows ADES's completed acquisition of substantially all of the assets of Arq Limited and all o

      1/23/24 7:30:00 AM ET
      $ADES
      Major Chemicals
      Industrials

    $ADES
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Mcintyre Julian Alexander returned 210,362 units of Series A Convertible Preferred Stock to the company and was granted 210,362 shares (SEC Form 4) (Amendment)

      4/A - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      1/25/24 4:33:47 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Mcintyre Julian Alexander acquired 177,541 shares and acquired 207,676 units of Series A Convertible Preferred Stock (SEC Form 4) (Amendment)

      4/A - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      1/25/24 4:30:46 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Wong Joseph M bought $223,594 worth of shares (90,000 units at $2.48), increasing direct ownership by 56% to 251,913 units (SEC Form 4)

      4 - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      11/21/23 6:30:31 PM ET
      $ADES
      Major Chemicals
      Industrials

    $ADES
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Wong Joseph M bought $223,594 worth of shares (90,000 units at $2.48), increasing direct ownership by 56% to 251,913 units (SEC Form 4)

      4 - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      11/21/23 6:30:31 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Wong Joseph M bought $57,515 worth of shares (25,000 units at $2.30), increasing direct ownership by 18% to 161,913 units (SEC Form 4) (Amendment)

      4/A - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      11/21/23 4:41:30 PM ET
      $ADES
      Major Chemicals
      Industrials
    • Wong Joseph M bought $134,056 worth of shares (55,000 units at $2.44), increasing direct ownership by 51% to 161,913 units (SEC Form 4)

      4 - Advanced Emissions Solutions, Inc. (0001515156) (Issuer)

      11/20/23 6:06:09 PM ET
      $ADES
      Major Chemicals
      Industrials