Centuri raises ~$235M via public offering at $21.50/share and $75M private placement with Icahn

Centuri Holdings, Inc.

Public offering of 7,441,860 shares at $21.50 per share; underwriters have 30-day option for 1,116,279 additional shares.
Concurrent private placement of $75M of shares to Icahn Partners LP and Icahn Partners Master Fund LP at same price.
Offering expected to close November 14, 2025; net proceeds for general corporate purposes, acquisitions, and debt repayment.
Directors, officers, and Icahn affiliates subject to 30-day lock-up with written consent of J.P. Morgan required to sell.
Underwriting agreement with J.P. Morgan and Wells Fargo as representatives; Private Placement Agreement signed November 11, 2025.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Centuri Holdings, Inc. issued approximately $75 million of shares of Common Stock of common stock to Icahn Partners LP and Icahn Partners Master Fund LP for a price per share equal to the Offering Price.

Security: common stock
Shares: approximately $75 million of shares of Common Stock
Purchaser: Icahn Partners LP and Icahn Partners Master Fund LP
Consideration: a price per share equal to the Offering Price

Exact text from the filing

On November 11, 2025, the Company entered into a common stock purchase agreement (the “Private Placement Agreement”) with Icahn Partners LP and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn (collectively, the “Icahn Investors”), pursuant to which the Company agreed to issue and sell approximately $75 million of shares of Common Stock (the “Private Placement Shares”) to the Icahn Investors at a price per share equal to the Offering Price in a transaction exempt from registration under the Securities Act (the “Concurrent Private Placement”).

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Centuri Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-052178

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