Southwest Gas sells 1.06M Centuri shares to Icahn investors for ~$22M net

Southwest Gas Holdings, Inc.

Sold 1,060,240 Centuri shares at $20.75/share in a private placement to Icahn entities.
Net proceeds to Southwest Gas were approximately $22 million; Centuri received none.
After closing, Southwest Gas owns 46,185,710 Centuri shares, representing about 52.1% of outstanding.
Sale occurred under a June 13, 2025 purchase agreement; shares exempt from registration.

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