secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001628280-25-027347
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025027347/0001628280-25-027347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025027347/ctri-20250519.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-027347

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