other material
confidence high
sentiment neutral
materiality 0.75
Perma-Fix raises ~$23.2M in public offering of 2.2M shares at $10/sh
PERMA FIX ENVIRONMENTAL SERVICES INC
- Gross proceeds $22M; net proceeds ~$23.2M after full exercise of 330K-share over-allotment.
- Offering priced at $10.00/sh; total shares sold including over-allotment: 2.53M.
- Underwriter warrants issued: 126,500 shares at $11.50/sh, exercisable for 5 years.
- Proceeds earmarked for Perma-FAS PFAS destruction R&D, second-gen unit installation, facility capex, and working capital.
- Expected close December 19, 2024; sole bookrunner Craig-Hallum.