CTRI Stock offering

Centuri Announces Pricing of Secondary Public Offering of Common Stock

Published August 08, 2025 at 12:46 AM

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”) today announced the pricing 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 has also granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Centuri’s common stock. The Offering is expected to close on August 11, 2025, sub

Related Questions

What is the expected dilution impact on existing shareholders from the 15,000,000 new shares and the 2,250,000 optional shares? What are the strategic reasons behind Southwest Gas Holdings' decision to sell its stake, and could this signal a shift in Centuri's ownership structure? How does the pricing of this offering compare to Centuri's recent trading range and its historical secondary offerings? How might market participants interpret this secondary offering in terms of Centuri's valuation and future earnings outlook? Will the 30‑day over‑allotment option likely be exercised, and how would that additional 2,250,000 shares impact supply and demand dynamics? Are there any lock‑up or registration rights agreements that could affect future secondary offerings or insider sales? How will the secondary public offering affect Centuri's share liquidity and price volatility? What impact might the proceeds from the offering have on Centuri's balance sheet, growth initiatives, or debt repayment plans? What potential short‑term trading opportunities (e.g., buying on dip, short‑cover) does the announcement create for the next few weeks? How does the size of this offering (≈15 M shares) compare to the total float and daily average volume of Centuri's stock?