Perma-Fix Environmental Services Inc. filed SEC Form 8-K: Other Events
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Item 8.01 – Other Events
As previously disclosed, during the fourth quarter of 2021, Perma-Fix Environmental Services, Inc.’s (the “Company”) wholly-owned subsidiary, Perma-Fix Canada, Inc. (“PF Canada”), received a Notice of Termination (“NOT”) from Canadian Nuclear Laboratories, LTD. (“CNL”) on a Task Order Agreement (“TOA”) that PF Canada entered into with CNL in May 2019 for remediation work within Ontario, Canada (“Agreement”). The NOT was received after work under the TOA was substantially completed and work under the TOA has since been completed. A settlement agreement was previously reached between PF Canada and CNL on payment of the outstanding receivables owed to PF Canada by CNL, subject to certain conditions/terms. As of March 31, 2024, approximately $1,612,000 in outstanding receivables remained payable by CNL to PF Canada. On May 10, 2024, the $1,612,000 was received by PF Canada.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PERMA-FIX ENVIRONMENTAL SERVICES, INC. | |||
| By: | /s/ Ben Naccarato | ||
| Ben Naccarato | |||
| Dated: | May 14, 2024 | Executive Vice President, Chief Financial Officer and Chief Accounting Officer | |