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.

item 1.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.