secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001628280-25-032102
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025032102/0001628280-25-032102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025032102/ctri-20250613.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-032102

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