PERMA FIX ENVIRONMENTAL SERVICES INC 8-K

What Happened Perma-Fix Environmental Services, Inc. (PESI) filed an 8-K reporting that on May 14, 2026 it entered into an underwriting agreement with Craig-Hallum Capital Group LLC to sell 2,285,714 shares of common stock at $8.75 per share, and granted a 30‑day over‑allotment option for an additional 342,857 shares. The over‑allotment was exercised in full on May 15, 2026, for a total of 2,628,571 Offering Shares. The offering is expected to close on or about May 18, 2026, and the company expects net proceeds of approximately $21,094,997 after fees and expenses.

Key Details

• Underwriter: Craig‑Hallum Capital Group LLC; Underwriting Agreement dated May 14, 2026.
• Offering size: 2,628,571 shares total (2,285,714 initial + 342,857 over‑allotment), priced at $8.75 per share.
• Expected net proceeds: approximately $21,094,997 (after underwriting discounts/commissions and estimated expenses).
• Planned use of proceeds: upgrades at Perma‑Fix Northwest Richland (Direct‑Feed Low‑Activity Waste and grouting), R&D and commercialization of Perma‑FAS PFAS destruction technology (including Perma‑FAS Gen 2.0 unit installation), facility capital expenditures/maintenance, and general corporate/working capital.
• Related filings: offering made under the company’s effective Form S‑3 registration (No. 333‑283555); legal opinion from counsel and press releases dated May 14 and May 15, 2026 were filed with the 8‑K.

Why It Matters This transaction raises capital that the company intends to deploy on plant upgrades and on advancing its PFAS treatment technology (Perma‑FAS), both of which relate directly to Perma‑Fix’s core environmental services business. For investors, the offering dilutes existing shares but provides cash to fund operations, capital projects and commercialization efforts that could support future revenue growth. The timing (expected close May 18, 2026) and the full exercise of the over‑allotment indicate strong initial underwriting demand.