Southwest Gas sells 11.2M Centuri shares at $20.75; Icahn buys 1.06M in private placement

Centuri Holdings, Inc.

Southwest Gas sold 11,212,500 Centuri shares ($20.75 each; net proceeds ~$225M); Centuri received no proceeds.
Concurrent private placement of 1,060,240 shares to Icahn Investors at $20.75; closing subject to HSR waiting period.
Post-offering, Southwest Gas owns ~53.3% of Centuri; after private placement would own ~52.1%.
Centuri granted resale registration rights to Icahn for the private placement shares, with deadline 181 days after May 22, 2025.
Underwriters and insiders subject to 45-day lock-up; company entered underwriting agreement with J.P. Morgan.

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.