Centrus Energy Corp. (NYSE: LEU) announced on September 9, 2026, the launch of an underwritten public offering. The company intends to sell shares of its Class A common stock, pre-funded warrants, and common warrants. Guggenheim Securities is acting as the lead book-running manager, with Barclays Capital serving as a book-running manager.
The offering consists of three distinct components. The company plans to sell 500,000 shares of Class A common stock. Additionally, it will issue pre-funded warrants that cover the purchase of up to 2,005,513 shares of common stock. The company will also issue common warrants covering the purchase of up to 6,992,382 shares of common stock. The securities are being offered separately and not as a unit.
The pre-funded warrants are exercisable immediately upon issuance and remain valid for 25 years. The exercise price for these warrants is $0.10 per share. The common warrants are exercisable immediately upon issuance and remain valid until the expiration date of the applicable tranche. The exercise prices for the four series of common warrants are $226.8625, $272.2350, $317.6075, and $362.9800 per share, respectively.
The company stated that it intends to use the net proceeds from the offering for general working capital and corporate purposes. These purposes may include investment in technology development and deployment, repayment or repurchase of outstanding debt, capital expenditures, potential acquisitions, and other business opportunities.
In other news, the company disclosed that it is engaged in advanced discussions regarding the potential acquisition of a domestic manufacturing supplier. The anticipated purchase price is in the range of approximately $115 million to $125 million. The target company generated approximately $160 million of revenue for the year ended December 31, 2025. The company noted that a definitive agreement is not yet in place and that the transaction remains subject to various conditions.
