Perma-Fix Environmental Services Files 8-K

TL;DR

PERMA filed an 8-K on 12/18/24 - material definitive agreement, other events, and financials.

AI Summary

On December 18, 2024, Perma-Fix Environmental Services, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial statements/exhibits. The company is incorporated in Delaware and headquartered in Atlanta, Georgia.

Why It Matters

This 8-K filing indicates significant corporate activity, potentially involving new agreements or operational updates that could impact the company's future performance.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement and other events, without immediate indication of significant financial distress or major strategic shifts.

Key Players & Entities

• PERMA FIX ENVIRONMENTAL SERVICES INC (company) — Registrant
• December 18, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Atlanta, Georgia (location) — Address of principal executive offices
• (770) 587-9898 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — 0 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"
• $10.00 — k were sold at a price to the public of $10.00 per share. The Company also granted the
• $23,229,000 — r-allotment option, to be approximately $23,229,000. The Underwriting Agreement contains
• $11.50 — isable at a per share exercise price of $11.50. The Underwriter's Warrants are exercis

Filing Documents

• form8-k.htm (8-K) — 46KB
• ex1-1.htm (EX-1.1) — 422KB
• ex5-1.htm (EX-5.1) — 21KB
• ex99-1.htm (EX-99.1) — 14KB
• ex99-2.htm (EX-99.2) — 14KB
• ex5-1_001.jpg (GRAPHIC) — 15KB
• ex99-1_001.jpg (GRAPHIC) — 57KB
• ex99-2_001.jpg (GRAPHIC) — 57KB
• 0001493152-24-050640.txt ( ) — 968KB
• pesi-20241218.xsd (EX-101.SCH) — 3KB
• pesi-20241218_lab.xml (EX-101.LAB) — 33KB
• pesi-20241218_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

Underwriting

Underwriting Agreement On December 18, 2024, Perma-Fix Environmental Services, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Craig-Hallum Capital Group, LLC (the "Underwriter"). Pursuant to the terms of the Underwriting Agreement, the Company agreed to sell, and the Underwriter agreed to purchase, subject to and on the conditions set forth therein, 2,200,000 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"). The shares of Common stock were sold at a price to the public of $10.00 per share. The Company also granted the Underwriter a 30-day over-allotment option to purchase up to an additional 330,000 shares of the Company's Common Stock on the same terms and conditions, which option was exercised in its entirely on December 18, 2024. After deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, the Company expects the net proceeds of the offering, including exercise in full of the over-allotment option, to be approximately $23,229,000. The Underwriting Agreement contains customary representations, warranties, and covenants of the Company, and also provides for customary indemnification by the Company in favor of the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities. The offering and sale of the Common Stock was made pursuant to the Company's effective Registration Statement on Form S-3 (Registration No. 333-283555) (the "Registration Statement"), filed by the Company with the U.S. Securities and Exchange Commission (the "Commission") on December 2, 2024, including the base prospectus contained therein, a related preliminary prospectus supplement, dated December17, 2024, and a final prospectus supplement, dated December 18, 2024, filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended. Underwriter's Warrants Un

View Full Filing

View this 8-K filing on SEC EDGAR