Centrus Energy Prices $500 Million Offering of Class A Stock and Warrants

Corporate Action
โดย PR Newswire·US·Read original
Summary · why it matters

Centrus Energy Corp. announced the pricing of a $500 million underwritten public offering of Class A common stock and warrants. The offering comprises 500,000 shares of Class A common stock, pre-funded warrants to purchase an aggregate of 2,005,513 shares, and common warrants to purchase up to an aggregate of 6,992,382 shares. The combined public offering price is $199.64 per share of Class A common stock and accompanying common warrants, and $199.54 per pre-funded warrant and accompanying common warrants, with the pre-funded warrants carrying an exercise price of $0.10 per share. The common warrants will be issued in four series, each with an aggregate exercise price of approximately $500 million and exercise prices of $226.8625, $272.2350, $317.6075, and $362.9800 per share, respectively. Gross proceeds are expected to be approximately $500 million before deducting the underwriting discount and estimated offering expenses, and Centrus intends to use the net proceeds for general working capital and corporate purposes, which may include technology development and deployment, debt repayment or repurchase, capital expenditures, and potential acquisitions. Guggenheim Securities is acting as lead book-running manager and Barclays is acting as a book-running manager, with the offering expected to close on or about September 11, 2026.

Impact on stocks 3

Energy Transition & Power Demand▼ · 2 stocks
Centrus Energy Corp.
LEU
▼ NegativeCapitalrelevance

Centrus prices a $500M dilutive stock-and-warrants offering, raising capital at the cost of shareholder dilution.

Financials▲ · 1 stocks
Barclays PLC
BARC
± MixedCapitalrelevance

Barclays is named only as a book-running manager on the Centrus offering, a minor underwriting role.

Theme Impact 1

Off-coverage companies 1

Guggenheim SecuritiesPrivate± Mixed
Capitalrelevance

Guggenheim Securities is named only as lead book-running manager on the Centrus offering, a minor underwriting role.

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