secwatch.observer — SEC 8-K summary
======================================

Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001193125-24-104909
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Centuri Holdings closes IPO, raises $329.3M net; Icahn entities invest $54.4M in concurrent placement
--------------------------------------------------------------------------------

- IPO of 14,260,000 shares at $21.00/share completed on April 22; net proceeds ~$329.3M after expenses.
- Concurrent private placement sold 2,591,929 shares to Icahn firms at $21.00/sh for ~$54.4M gross.
- Southwest Gas Holdings retains 81.0% ownership (71,665,592 shares) post-IPO.
- Five new directors appointed effective April 17: Dill, Evans, Krummel, Mariucci, Patton; Board audit, compensation, and governance committees formed.
- Net proceeds will repay borrowings under revolving credit facility and term loan; remainder for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/d820483d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-104909

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer