secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001628280-25-052178
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025052178/0001628280-25-052178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000162828025052178/ctri-20251111.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-052178

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer