Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 112

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 112
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16,98215,906Potentially 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

24

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 its Class A Common Stock at the market price in the three months ended March 31, 2025 and 2024, respectively, for a total of $26.1 million and $7.4 million, respectively. After expenses and commissions paid to the Agents, the Company’s proceeds totaled $25.4 million and $7.1 million in the three months ended March 31, 2025 and 2024, respectively. Additionally, the Company recorded direct costs of $0.1 million in both the three months ended March 31, 2025 and 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