Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 175

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 175
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 of $117.1 million and $143.2 million, respectively. After expenses and commissions paid to the Agents, the Company’s proceeds totaled $114.7 million and $140.1 million in the three and six months ended June 30, 2025, respectively. Additionally, the Company recorded direct costs of $0.5 million and $0.6 million in the three and six months ended June 30, 2025, respectively, related to the issuance. The shares of Class A Common Stock were issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-272984), which became effective on July 10, 2023, and two prospectus supplements dated February 9, 2024 and May 9, 2025, respectively. As of June 30, 2025, the ATM offering was completed.

Pursuant to this sales agreement, the Company sold an aggregate of 275,202 and 451,830 shares of its Class A Common Stock at the market price in the three and six months ended June 30, 2024, respectively, for a total of $12.5 million and $19.9 million, respectively. After expenses and commissions paid to the Agents, the Company’s proceeds totaled $12.2 million and $19.3 million in the three and six months ended June 30, 2024, respectively. Additionally, the Company recorded direct costs of less than $0.1 million in both the three and six months ended June 30, 2024, respectively, related to the issuance. The shares of Class A Common Stock were issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-272984), which became effective on July 10, 2023, and a prospectus supplement dated February 9, 2024. 

Unless otherwise specified in any prospectus supplement, the Company has used and/or intends to use the net proceeds from the sale of its securities offered under these prospectuses for working capital and general corporate purposes including, but not limited to, capital expenditures, investment in technology development and deployment, repayment of indebtedness, potential acquisitions and other business opportunities. Pending any specific application, the Company may initially invest funds in short-term marketable securities or apply them to the reduction of indebtedness.

Rights Agreement

On May 28, 2024, the Company entered into a Sixth Amendment to the Section 382 Rights Agreement,