Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 56

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 56
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 loss has occurred. On November 7, 2024, Centrus issued $402.5 million aggregate principal amount 2.25% Convertible Notes due 2030. The dilutive impact of the 2.25% Convertible Notes on the calculation of diluted income per share is considered using the if-converted method. However, because the principal amount of the 2.25% Convertible Notes must be settled in cash, the dilutive impact of applying the if-converted method is limited to the in-the-money portion, if any, of the 2.25% Convertible Notes.The weighted average number of common and common equivalent shares used in the calculation of basic and diluted net income (loss) per share are as follows: Three Months Ended  March 31,20252024Numerator (in millions):Net income (loss)$27.2 $(6.1)Denominator (in thousands):Average common shares outstanding - basic16,98215,906Potentially dilutive shares related to stock compensation awards66—Potentially dilutive shares related to 2.25% Convertible Notes— — Average common shares outstanding - diluted17,048 15,906 Net income (loss) per share (in dollars):Basic$1.60 $(0.38)Diluted$1.60 $(0.38)Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands)—118

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10.  STOCKHOLDERS’ EQUITY

2023 Shelf RegistrationThe Company filed a shelf registration statement on Form S-3 (File No. 333-272984) with the SEC on June 28, 2023, which became effective on July 10, 2023. Pursuant to this shelf registration statement, the Company may offer and sell up to $200.0 million in securities, in aggregate. The Company retains broad discretion over the use of the net proceeds from the sale of the securities offered. Common Stock IssuanceOn February 9, 2024, the Company entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc., Lake Street Capital Markets, LLC and Roth Capital Partners, LLC (collectively, the “Agents”), relating to the ATM offering of shares of the Company’s Class A Common Stock. Pursuant to this sales agreement, the Company sold an aggregate of 258,197 and 176,628 shares of