Business Context and Reporting Period
This Form 8-K Current Report was filed by Arq, Inc. on June 9, 2025, covering events occurring on June 3, 2025. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Auditor Merger and Resignation: Moss Adams, LLP, the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective June 3, 2025.
- Appointment of Successor: In connection with the merger, Moss Adams resigned, and the Audit Committee appointed Baker Tilly US, LLP as the new independent registered public accounting firm.
- Audit History: The audit reports issued by Moss Adams for the years ended December 31, 2024, and 2023, and internal controls as of December 31, 2024, were unqualified and contained no adverse opinions, disclaimers, or modifications.
- No Disagreements: There were no disagreements with Moss Adams regarding accounting principles, practices, financial statement disclosures, or auditing scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of new risks. It confirms that neither the Company nor its representatives consulted with Baker Tilly regarding accounting principles or potential audit opinions prior to the appointment. The filing includes a letter from Moss Adams (Exhibit 16.1) confirming their agreement with the statements regarding the resignation and lack of disagreements.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 3, 2025).
- Confirm that the prior audit reports for 2023 and 2024 were unqualified.
- Review Exhibit 16.1 (Moss Adams' letter) for any dissenting statements regarding the change.
- Note that this filing does not impact the Company's financial statements or operational metrics directly.