Perma-Fix Announces Pricing of Approximately $20 Million Registered Direct Offering

Core Viewpoint - Perma-Fix Environmental Services, Inc. has announced a definitive agreement to issue and sell 2,051,282 shares of common stock at an offering price of $9.75 per share, aiming to raise approximately $20 million in gross proceeds [1][2]. Group 1: Offering Details - The gross proceeds from the offering are expected to be around $20 million before deducting fees and expenses [2]. - The offering is set to close on or about May 24, 2024, pending customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for continued R&D and business development related to a patent-pending process for PFAS destruction, installation of a commercial treatment unit, ongoing facility capital expenditures, maintenance costs, and general corporate working capital [2]. Group 3: Company Overview - Perma-Fix Environmental Services is a leading provider of nuclear and mixed waste management services, including management and treatment of radioactive waste for various federal agencies and the commercial nuclear industry [6]. - The company operates four nuclear waste treatment facilities and offers services such as project management, environmental restoration, and decontamination [6].