other_material
confidence high
sentiment neutral
materiality 0.70
Perma-Fix prices $20M public offering of 2.29M shares at $8.75; over-allotment fully exercised
PERMA FIX ENVIRONMENTAL SERVICES INC
- Underwriting with Craig-Hallum for 2,285,714 shares at $8.75/share; 30-day over-allotment of 342,857 shares exercised in full.
- Gross proceeds of $20M; net proceeds expected ~$21.1M after underwriting discounts and estimated offering expenses.
- Proceeds to fund capacity upgrades at Perma-Fix Northwest Richland facility and development of Perma-FAS PFAS destruction process.
- Offering expected to close on May 18, 2026, subject to customary conditions.
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