Centrus Energy Corp. (NYSE: LEU) priced a $500 million equity offering that includes 500,000 shares of Class A common stock, pre‑funded warrants for 2,005,513 shares and common warrants for up to 6,992,382 shares. The securities are being sold at $199.64 per share of Class A stock (including accompanying common warrants) and $199.54 per pre‑funded warrant. Each pre‑funded warrant can be exercised immediately at $0.10 per share.
The common warrants are issued in four series, each with an aggregate exercise price of about $500 million. Exercise prices are $226.8625, $272.2350, $317.6075 and $362.9800 per share for Series 1 through Series 4 respectively. The offering is underwritten by Guggenheim Securities as lead book‑running manager and Barclays as book‑running manager.
The SEC registration statement became effective on Nov. 6, 2025. The transaction is slated to close on or about Sept. 11, 2026, subject to customary conditions. Proceeds, less underwriting discounts and expenses, are earmarked for general working capital, technology development, debt repayment, capital expenditures and potential acquisitions.
Centrus Energy supplies nuclear fuel and related services to the nuclear power sector, positioning the capital raise to support its growth and operational initiatives.
