Southwest Gas sells 10.35M shares of Centuri at $17.50 in secondary offering; Icahn acquires 2.86M shares concurrently

Centuri Holdings, Inc.

Southwest Gas sold 10.35M shares of Centuri common stock in public offering at $17.50/share, including full over-allotment.
Concurrent private placement: Southwest Gas sold 2.86M shares to Icahn entities at same $17.50 price, raising ~$50M.
Net proceeds to Southwest Gas from public offering ~$175M after underwriting discounts; Centuri received $0.
After closing, Southwest Gas owns 58.46M shares, ~65.9% of Centuri outstanding.
Centuri granted Icahn resale registration rights for private placement shares, to be registered within 181 days.

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