Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 77

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 77
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,Nine Months Ended  September 30,2025202420252024Numerator (in millions):Net income (loss)$3.9 $(5.0)$60.0 $19.5 Denominator (in thousands):Average common shares outstanding - basic18,31716,42217,67216,172Potentially dilutive shares related to equity compensation awards51—6364Potentially dilutive shares related to 2.25% Convertible Notes2,309—1,230—Average common shares outstanding - diluted20,677 16,422 18,965 16,236 Net income (loss) per share (in dollars):Basic$0.21 $(0.30)$3.40 $1.21 Diluted$0.19 $(0.30)$3.16 $1.20 Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands)—34—30% Convertible Notes (if-converted) excluded from the diluted calculation because they would have been antidilutive (in thousands)133—2,290—

11.  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 and was supplemented by prospectus supplements dated February 9, 2024 and May 9, 2025, respectively. Pursuant to this shelf registration statement, the Company may offer and sell up to an aggregate of $200.0 million in securities. 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 1,415,924 shares of its Class A Common Stock at the market price in the nine months ended September 30, 2025 for a total of $143.2 million. After expenses and commissions paid to the Agents, the Company’s proceeds totaled $140.1 million