CTRI Equity offering

Centuri Announces Launch of Secondary Public Offering of Common Stock

Published August 07, 2025 at 08:52 PM

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”) today announced the commencement of an underwritten secondary public offering of 15,000,000 shares of Centuri’s common stock by Southwest Gas Holdings, Inc. (“Southwest Gas”) as selling stockholder (the “Offering”). Southwest Gas also expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Centuri’s common stock. In addition to the shares of Centuri’s common s

Related Questions

How does the size of this secondary offering compare to recent secondary offerings in the same sector? What price will the secondary public offering be priced at and how does it compare to the current market price? How might the secondary offering influence institutional demand and the overall order flow for CTRI? How will the issuance of 15,000,000 new shares affect the share float and liquidity of CTRI? Is there a lock‑up or lock‑down period for the newly issued shares that could affect short‑term trading dynamics? What are the intended uses of the proceeds from the offering and how will they impact Centuri's growth initiatives? What are Southwest Gas's motivations for selling its stake, and could this indicate future strategic shifts? Will the underwriters' 30‑day option to purchase up to 2,250,000 additional shares likely be exercised, and how could that further affect supply? What is the expected dilution impact on existing shareholders' ownership percentages and earnings per share? What potential impact could this offering have on the stock’s short‑term price volatility and technical chart patterns?