PERMA-FIX ENVIRONMENTAL SERVICES, INC. (NASDAQ:PESI) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03 – Material Modification to Rights of Security Holders.
On April 15, 2021, the Board of Directors (the “Board”) of Perma-Fix Environmental Services, Inc. (the “Company”) approved to not further extend or renew the Shareholder Rights Agreement, dated May 2, 2018, as amended, relating to the Company’s Preferred Stock Purchase Rights covered by the Rights Agreement, between the Company and Continental Stock Transfer & Trust Company, as Rights Agent (the “Rights Agreement”). As a result, the Rights Agreement will terminate on May 2, 2021. Upon termination of the Rights Agreement, it will no longer effect the Company’s Common Stock, par value $.001 per share, and we will eliminate the Certificate of Designation relating to the Company’s Series B Junior Participating Preferred Stock.
About PERMA-FIX ENVIRONMENTAL SERVICES, INC. (NASDAQ:PESI)
Perma-Fix Environmental Services, Inc. is an environmental and environmental technology know-how company. It operates in three segments: The Treatment Segment (Treatment), the Services Segment (Services) and the Medical Segment (Medical). Treatment includes nuclear, low-level radioactive, mixed (waste containing both hazardous and low-level radioactive waste), hazardous and non-hazardous waste treatment, processing and disposal services primarily through approximately four licensed and permitted treatment and storage facilities held by its subsidiaries. Services include on-site waste management services to commercial and government customers, technical services and nuclear services. The Medical segment includes research and development (R&D) of a new medical isotope production technology by its Polish subsidiary, Perma-Fix Medical S.A. (PF Medical). Its Treatment and Services provide services to research institutions, commercial companies, public utilities and governmental agencies.
