Perma-Fix Announces Proposed Public Offering of Common Stock

Core Viewpoint - Perma-Fix Environmental Services, Inc. has initiated an underwritten public offering of its common stock, with the offering subject to market conditions and no assurance on completion or terms [1][4]. Group 1: Offering Details - The net proceeds from the offering will be allocated to continued R&D and business development for the patent-pending Perma-FAS process aimed at PFAS destruction, installation of a second-generation Perma-FAS commercial treatment unit, ongoing facility capital expenditures, maintenance costs, and general corporate purposes [2]. - Craig-Hallum is the sole managing underwriter for the proposed offering [3]. Group 2: Company Overview - Perma-Fix is a leading provider of nuclear and mixed waste management services, offering management and treatment of radioactive and mixed waste for various sectors including hospitals, research labs, federal agencies, and the commercial nuclear industry [6]. - The company operates four nuclear waste treatment facilities and provides a range of services including project management, environmental restoration, decontamination, and radiological protection [6].