Corporate ActionMay 14, 2026, 04:08 PM
Perma-Fix Commences Underwritten Public Offering of Common Stock
AI Summary
Perma-Fix Environmental Services, Inc. announced the commencement of an underwritten public offering of shares of its common stock. The company plans to use the net proceeds to fund capacity upgrades at its Perma-Fix Northwest Richland facility and continue development of its patent-pending Perma-FAS process for PFAS destruction. Additionally, funds will be allocated for general corporate and working capital purposes. Craig-Hallum is serving as the sole managing underwriter for the proposed offering.
Key Highlights
- Perma-Fix commenced an underwritten public offering of its common stock.
- Proceeds will fund capacity upgrades at the Perma-Fix Northwest Richland facility.
- Funds will support development of the patent-pending Perma-FAS process for PFAS destruction.
- Net proceeds are also intended for general corporate and working capital purposes.
- Craig-Hallum is acting as the sole managing underwriter for the offering.
- The offering is pursuant to a shelf registration statement on Form S-3, effective December 12, 2024.