Centrus Energy prices offering with warrants for 6,992,382 shares
LEU•Proceeds and expected closing
Gross proceeds are expected to be about $500 million, excluding any warrant exercise proceeds.
Closing is expected around Sept. 11, 2026.
Warrant series and exercise prices
The common warrants are split into four series with per-share exercise prices of $226.86, $272.24, $317.61, and $362.98.
The warrant tranches expire on the second to fifth anniversaries of Sept. 10, 2026, with a second tranche nine weeks later.
Offering priced with pre-funded warrants and common warrants
Centrus priced an underwritten offering with 2,005,513 pre-funded warrants, immediately exercisable at $0.10 per share.
The company also issued common warrants to buy up to 6,992,382 Class A shares, immediately exercisable from issuance.
