Form 8-K - Current report
21 Diciembre 2023 - 1:58PM
Edgar (US Regulatory)
false
0000891532
PERMA FIX ENVIRONMENTAL SERVICES INC
0000891532
2023-12-18
2023-12-18
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported) December 18, 2023
PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
1-11596
|
|
58-1954497 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
8302
Dunwoody Place, Suite 250, Atlanta, Georgia |
|
30350 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (770) 587-9898
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol |
|
Name
of each exchange on which registered |
Common
Stock, Par Value, $.001 Per Share |
|
PESI |
|
NASDAQ
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item
1.01 – Entry into a Material Definitive Agreement.
On
November 28, 2023, Perma-Fix Environmental Services, Inc. (the “Company”) disclosed that it was advised by the European Commission
(the “Contracting Authority”) that the joint venture consisting of the Company and Campoverde Srl would be awarded a multi-year
contract valued at approximately EUR 50 million for the treatment of radioactive waste from the Joint Research Center in Ispra, Italy.
On December 18, 2023, this contract was executed by the Contracting Authority and the joint venture consisting of the Company and Campoverde
Srl. The Company is a 50% partner in the joint venture. The Contracting Authority may terminate the contract under certain conditions
as set forth in the contract. See the attached press release for risks relating to the forward-looking statements contained herein.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
December 21, 2023
|
PERMA-FIX
ENVIRONMENTAL SERVICES, INC. |
|
|
|
|
By:
|
/s/
Ben Naccarato |
|
|
Ben
Naccarato |
|
|
Executive
Vice President and Chief Financial Officer |
Exhibit
99.1
Perma-Fix
Joint Venture Receives Formal Award of European
Waste Treatment Contract Valued at up to EUR 50 Million
ATLANTA
– December 21, 2023 – Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that
the European Commission (EC) has formally awarded the previously announced multi-year contract, valued at up to EUR 50 million, for the
treatment of radioactive waste from the Joint Research Center (JRC) in Ispra, Italy, to the Company’s joint venture with Campoverde
Srl.
Mark
Duff, Chief Executive Officer, stated, “We are proud to receive formal award of this contract to support the European Commission’s
radioactive waste cleanup mission at JRC in Italy. In addition to the revenue potential of this contract, it opens the door to an expansion
of our offering across Europe. Given our long and successful track record in the U.S., we look forward to replicating our capabilities
in Europe.”
About
Perma-Fix Environmental Services
Perma-Fix
Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company’s
nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions,
federal agencies, including the U.S Department of Energy (DOE), the U.S Department of Defense (DOD), and the commercial nuclear industry.
The Company’s nuclear services group provides project management, waste management, environmental restoration, decontamination
and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The
Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide.
Please
visit us at http://www.perma-fix.com.
This
press release contains “forward-looking statements” which are based largely on the Company’s expectations and are subject
to various business risks and uncertainties, certain of which are beyond the Company’s control. Forward-looking statements generally
are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”,
“plans to”, “estimates”, “projects”, and similar expressions. Forward-looking statements include,
but are not limited to: the revenue potential of this contract; opening the door to an expansion of our offering in Europe; and replicating
our capabilities in Europe. There are a variety of factors which could cause future outcomes to differ materially from those described
in this release, including, without limitation, the contract is not terminated by the European Commission; the parties complying with
the terms of the contract; future economic conditions; industry conditions; competitive pressures; the government or such other party
to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates
existing contracts; and the additional factors referred to under “Risk Factors” and “Special Note Regarding Forward-Looking
Statements” of our 2022 Form 10-K and Form 10-Qs for quarters ended March 31, 2023, June 30, 2023 and September 30, 2023. The Company
makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof
that bear upon forward-looking statements.
Contacts:
David
K. Waldman-US Investor Relations
Crescendo
Communications, LLC
(212)
671-1021
Herbert
Strauss-European Investor Relations
herbert@eu-ir.com
+43
316 296 316
v3.23.4
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Dec. 18, 2023 |
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Entity File Number |
1-11596
|
Entity Registrant Name |
PERMA FIX ENVIRONMENTAL SERVICES INC
|
Entity Central Index Key |
0000891532
|
Entity Tax Identification Number |
58-1954497
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
8302
Dunwoody Place
|
Entity Address, Address Line Two |
Suite 250
|
Entity Address, City or Town |
Atlanta
|
Entity Address, State or Province |
GA
|
Entity Address, Postal Zip Code |
30350
|
City Area Code |
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|
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|
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