Perma-Fix Environmental Services priced 2.29 million shares to fund operations or growth initiatives.
Perma-Fix Environmental Services (PESI) priced a public offering of 2.29 million common shares at $8.75 per share, generating gross proceeds of $20 million. The move aims to bolster liquidity for potential expansion or operational needs.
The offering follows recent market activity, though prior share performance or consensus expectations were not disclosed. Underwriter Craig-Hallum received a 30-day option to purchase additional shares, which could further increase proceeds.
No immediate market reaction was reported following the announcement.