ATLANTA, May 22, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) ("Perma-Fix" or the "Company") today announced that it has entered into a definitive agreement for the issuance and sale of 2,051,282 shares of its common stock at an offering price of $9.75 per share. The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be approximately $20 million. Perma-Fix expects to use the net proceeds from the offering to fund (i) continued R&D and business development relating to its patent-pending process for the destruction of PFAS, as well as the cost of installing at least one commercial treatment unit; (ii) ongoing facility capex and maintenance costs; as well as (iii) general corporate and working capital purposes. Craig-Hallum Capital Group LLC and Wellington Shields & Co. LLC are acting as exclusive placement agents for the offering. The offering is expected to close on or about May 24, 2024, subject to the satisfaction of customary closing conditions. The securities described above are being offered pursuant to a registration statement on Form S-3 (File No. 333-272074), which was declared effective by the Securities and Exchange Commission (the "SEC") on June 1, 2023. The offering is being made only by means of a prospectus which is a part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the ...