QUANTUMONLINE.COM SECURITY DESCRIPTION:  Charah Solutions, Inc. 8.50% Senior Notes Due 2026, issued in $25 denominations, redeemable at the issuer's option on or after 08/31/2023 but before 08/31/2024 at $(25.75) (103%) per note plus accrued and unpaid interest; on or after 08/31/2024 but before 08/31/2025 at $25.50 (102%) per note plus accrued and unpaid interest; on or after 08/31/2025 at $25.00 (100%) per note plus accrued and unpaid interest and maturing 08/31/2026. Interest distributions of 8.50% per annum ($2.125 per annum or $0.53125 per quarter) will be paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date that will be (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below. This security was not rated by Moody’s or S&P at the time of its IPO This security was rated as B by Egan-Jones Ratings Co. date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	8.50% $2.125	$25.00 $25.75	8/31/2023 8/31/2026	NR NR 1/06/2023	1/31, 4/30, 7/31 & 10/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  April 17, 2023 -- Charah Solutions, Inc. (OTC Pink: CHRA, the “Company” or “Charah Solutions”) today announced that it entered into a definitive agreement with SER Capital Partners (“SER”), a private investment firm exclusively focused on sustainable investment, to acquire all of the issued and outstanding shares of common stock of the Company. In connection with the transaction, all of the issued and outstanding shares of Series A and Series B preferred stock of the Company will be redeemed by the Company. Subject to stockholder approval and other customary closing conditions, the transaction is expected to be completed in the third quarter of 2023, after which Charah Solutions will be a wholly owned portfolio company of SER. Under the proposed transaction, SER would acquire all of the issued and outstanding shares of common stock of Charah Solutions for a consideration of $6.00 per share which represents a 134% premium of the Company’s 20-day volume-weighted average price of $2.56 as of April 14, 2023. In addition, all issued and outstanding shares of Series A preferred stock would be redeemed at 100% of its liquidation preference, and Series B preferred stock would be redeemed at 100% of its liquidation preference. The Company’s 8.50% Senior Notes due August 31, 2026 will remain outstanding after the closing of this transaction. Concurrently with the execution of the merger agreement, SER, Charah Solutions and Bernhard Capital Partners (“BCP”), the Company’s largest equity holder, entered into a voting and support agreement, pursuant to which BCP agreed to, among other things, vote its shares of capital stock in favor of the transaction.

Company's Online Information Links

HOME PAGE:     https://charah.com/
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Company's Email Address Links

Email Address	ir@charah.com
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Address and Phone Numbers

Address:   12601 Plantside Dr., Louisville, KY 40299
Main Phone Number	502-245-1353
Fax Number	502-245-7398
Investor Contact (CFO)   Jonathan Batarseh	502-245-1353
Toll Free Phone Number	877-314-7724

CEO - Scott Sewell

CFO - Jonathan Batarseh