Centrus Energy (NYSE American: LEU) has secured approximately $23.5 million in gross proceeds in the closing of an underwritten public offering of 2,350,000 shares of its Class A Common Stock, each sold at the public offering price of $10.00. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 352,500 shares of Class A Common Stock at the public offering price. Centrus intends to use the proceeds for general working capital, investment in technology development and to repay outstanding debt or retire shares of its Series B Senior Preferred Stock. Roth Capital Partners acted as sole book-running manager for the offering.
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About Centrus Energy Corp.
Centrus is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical capabilities, Centrus offers turnkey engineering and advanced manufacturing solutions to its customers. The company is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. For more information, visit the company’s website at www.CentrusEnergy.com.
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