ADES Files 8-K on Material Agreement; Details Undisclosed

TL;DR

**ADES signed a material agreement, but the 8-K gives no details, leaving investors in the dark.**

AI Summary

Advanced Emissions Solutions, Inc. (ADES) filed an 8-K on January 24, 2024, reporting an event that occurred on January 19, 2024, concerning an 'Entry into a Material Definitive Agreement' and 'Other Events.' While the filing indicates a significant agreement, it does not disclose the specific details of the agreement or its financial implications. This matters to investors because without the specifics, it's impossible to assess the potential positive or negative impact of this material agreement on the company's future performance or stock value.

Why It Matters

Investors need to know the specifics of the 'Material Definitive Agreement' to understand its financial impact and how it might affect Advanced Emissions Solutions, Inc.'s future earnings and stock price.

Risk Assessment

Risk Level: medium — The lack of specific details regarding a 'Material Definitive Agreement' introduces uncertainty, making it difficult for investors to evaluate potential risks or benefits.

Analyst Insight

A smart investor would await further disclosures from Advanced Emissions Solutions, Inc. regarding the specifics of the 'Material Definitive Agreement' before making any investment decisions, as the current filing lacks critical information.

Key Players & Entities

• Advanced Emissions Solutions, Inc. (company) — the registrant filing the 8-K
• ADES (company) — the trading symbol for Advanced Emissions Solutions, Inc.
• January 19, 2024 (date) — date of the earliest event reported
• January 24, 2024 (date) — date the 8-K was filed
• Nasdaq Global Market (company) — exchange where ADES common stock is registered

Forward-Looking Statements

• Advanced Emissions Solutions, Inc. will file another 8-K or press release within the next 30 days to disclose the specifics of the 'Material Definitive Agreement'. (Advanced Emissions Solutions, Inc.) — medium confidence, target: 2024-02-24

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share ADES Nasdaq Global Market I
• $45 — th the Facility will be in the range of $45 to $50 million. The Company anticipates
• $50 million — Facility will be in the range of $45 to $50 million. The Company anticipates funding the co

Filing Documents

• ades-20240119.htm (8-K) — 38KB
• ex101-wielanddavcoagreement.htm (EX-10.1) — 191KB
• ex991-pressreleasewielanda.htm (EX-99.1) — 14KB
• adalogo2019.jpg (GRAPHIC) — 703KB
• advancedlogoa16.jpg (GRAPHIC) — 41KB
• carbpurea13.jpg (GRAPHIC) — 14KB
• download.jpg (GRAPHIC) — 11KB
• fluxsorblogo.jpg (GRAPHIC) — 11KB
• 0001515156-24-000005.txt ( ) — 1494KB
• ades-20240119.xsd (EX-101.SCH) — 2KB
• ades-20240119_lab.xml (EX-101.LAB) — 24KB
• ades-20240119_pre.xml (EX-101.PRE) — 13KB
• ades-20240119_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 19, 2024, Advanced Emissions Solutions, Inc., a Delaware corporation (the "Company"), through its wholly-owned subsidiary ADA Carbon Solutions (Red River), LLC, entered into a Contract for Construction (the "Contract") with The Wieland-Davco Corporation, a Michigan corporation. The Contract provides for pre-construction and construction services at the Company's existing manufacturing facility located at 201 Red River Mine Road, Coushatta Louisiana, 71079 (the "Plant") to build a granular activated carbon facility at the Plant (the "Facility"). The Company estimates that total construction and equipment costs associated with the Facility will be in the range of $45 to $50 million. The Company anticipates funding the construction of the Facility via a combination of its existing capital on its balance sheet, anticipated cashflow in 2024 and reductions in other costs. The foregoing description of the Contract is a summary and is qualified in its entirety by reference to the full text of the Contract, a copy of which is attached as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.

01 Other Events

Item 8.01 Other Events. On January 24, 2024, the Company issued a press release announcing the Contract, which is attached as Exhibit 99.1 to this report.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Contract for Construction, by and between ADA Carbon Solutions (Red River), LLC and The Wieland-Davco Corporation, dated as of January 19, 2024 * 99.1 Press release dated January 24 , 2024 * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules and exhibits upon request by the SEC. Additionally, certain portions of this exhibit have been omitted in accordance with Item 601(b)(10) of Regulation S-K because the omitted information is not material and is the type that the Company treats as private or confidential. Caution on Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. When used in this report, the words "can," "will," "intends," "expects," "believes," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. All statements that address activities, events or developments that the Company intends, expects or believes may occur in the future are forward-looking statements. These forward-looking statements include, but are not limited to, statements or expectations regarding: the anticipated costs and sources of financing for the proposed construction at the Company's Red River facility. These forward-looking statements involve risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to, the costs of raw materials and supplies, costs of labor, changes in scope of work or other unexpected modifications of construction, inflationary pressures, the Company's a

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 24, 2024 Advanced Emissions Solutions, Inc. Registrant /s/ Robert Rasmus Robert Rasmus Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR