Arq Added to Russell 3000® Index

Rhea-AI Summary

Arq announced its inclusion in the Russell 3000® and Russell 2000® indexes, effective July 1, 2024. CEO Bob Rasmus emphasized that this milestone showcases the company's successful growth strategies and transformation into an environmental technology firm. The Russell US Indexes' annual reconstitution captures the 4,000 largest US stocks, ranked by market capitalization as of April 30. Membership in the Russell 3000® Index ensures Arq's inclusion in related large-cap or small-cap indexes for one year, enhancing its visibility among investors. Russell indexes, managed by FTSE Russell, are benchmarks for $10.5 trillion in assets.

Positive

• Arq's inclusion in the Russell 3000® and Russell 2000® indexes reflects its effective growth strategies.
• Increased visibility and prominence within the investment community from inclusion in the Russell indexes.

Negative

• None.

GREENWOOD VILLAGE, Colo., July 02, 2024 (GLOBE NEWSWIRE) -- GlobeNewswire - 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 that the Company has been added to the broad-market Russell 3000® Index and the Russell 2000® Index, effective July 1, 2024.

Bob Rasmus, CEO of Arq, remarked, "We are proud and delighted to be part of one of the most esteemed and widely-cited benchmarks for assessing the performance of the U.S. stock market. This accomplishment highlights the effectiveness of our growth strategies and our ongoing transformation into an environmental technology company. Our inclusion in the Russell family of indices is expected to expand our investor base while increasing our visibility and prominence within the investment community."

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

About Arq

Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.

Source: Arq, Inc.

Investor Contact:
Anthony Nathan, Arq
Marc Silverberg, ICR
investors@arq.com

FAQ

What is the significance of Arq being added to the Russell 3000® Index?

Arq's addition to the Russell 3000® Index highlights its market capitalization growth and enhances its visibility and prominence within the investment community.

When was Arq added to the Russell 3000® Index?

Arq was added to the Russell 3000® Index on July 1, 2024.

How does Arq's inclusion in the Russell 3000® Index affect its investor base?

Inclusion in the Russell 3000® Index is expected to expand Arq's investor base by increasing its visibility among investment managers and institutional investors.

What are the Russell 3000® and Russell 2000® indexes?

The Russell 3000® Index represents the 4,000 largest US stocks, while the Russell 2000® Index is a subset of the smallest 2,000 stocks in that group, both used as benchmarks for investment strategies.

Why is being part of the Russell 3000® Index beneficial for Arq?

Being part of the Russell 3000® Index is beneficial for Arq as it boosts the company's visibility and credibility, potentially attracting more investors and enhancing stock performance.