IPO - Centuri Holdings, Inc.

Form Type: 424B4

Filing Date: 2025-06-17

Corporate Action: Ipo

Type: New

Accession Number: 000162828025031828

Filing Summary: Centuri Holdings, Inc. is offering 9,750,000 shares of common stock under a prospectus supplement dated June 16, 2025, pursuant to a registration statement declared effective on May 20, 2025. The shares are being sold by a selling stockholder and will not yield any proceeds to the company. On June 13, 2025, the stock had a last reported price of $21.98 per share. Additionally, a concurrent private placement involves selling up to $22 million in shares to Icahn Partners LP and affiliated entities at the same price as the public offering, contingent upon regulatory approval. A total public offering price of $20.75 per share is detailed, including underwriting discounts and commissions totaling approximately $7 million. A 30-day option is available for underwriters to purchase more shares to cover over-allotments. Following this offering, and if the private placement closes, Southwest Gas Holdings will own about 53.7% of the common stock, maintaining control over significant decisions. The prospectus highlights potential risks associated with investment and the closing of the related transactions.

Form Type: 424B4

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000162828025027057

Filing Summary: Centuri Holdings, Inc. is offering 9,000,000 shares of its common stock in connection with its initial public offering, with a public offering price of $17.50 per share. The company will not receive any proceeds from the sale of shares by the selling stockholder, Southwest Gas Holdings, which will continue to own approximately 67.5% of the outstanding common stock following this offering. The last reported sale price of the common stock on NYSE was $18.96 per share. The offering will also include an option for underwriters to purchase an additional 1,350,000 shares over 30 days. The shares are expected to be delivered on May 22, 2025. The document emphasizes that investing involves risks, and potential investors should consult the risk factors section for detailed insights.