secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001628280-25-039542
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 completes secondary offering of 17.25M Centuri shares at $19.50; also sells 1.57M shares to Icahn
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- Southwest Gas sold 17,250,000 shares of Centuri common stock in public offering at $19.50 per share; also sold 1,573,500 shares to Icahn affiliates at same price in concurrent private placement.
- Net proceeds to Southwest Gas approx $325M from offering and $31M from private placement; Centuri received no proceeds.
- After closing, Southwest Gas owns 27,362,210 Centuri shares, approx 30.9% of total outstanding.
- Centuri granted resale registration rights to Icahn investors for shares purchased in private placement; lock-up on insiders for 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025039542/0001628280-25-039542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025039542/ctri-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-039542

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