Centrus Energy Announces Underwritten Offering of Stock and Warrants

What Happened
Centrus Energy Corp. (LEU) filed an 8‑K reporting that on September 9, 2026 it entered an underwriting agreement with Guggenheim Securities, LLC to offer and sell equity and warrants. The offering consists of 500,000 shares of Class A common stock, pre‑funded warrants exercisable for up to 2,005,513 shares, and common warrants exercisable for up to 6,992,382 shares. On September 11, 2026 the company also appointed U.S. Bank Trust Company, N.A. as warrant agent. Press releases announcing the offering launch and pricing were issued September 9, 2026.

Key Details

• Underwriting agreement dated September 9, 2026 with Guggenheim Securities as representative.
• Securities offered: 500,000 common shares; Pre‑Funded Warrants for up to 2,005,513 shares (exercise price $0.10; exercisable immediately; 25‑year term); Common Warrants for up to 6,992,382 shares.
• Four series of Common Warrants have exercise prices of $226.8625, $272.2350, $317.6075 and $362.9800 per share; terms include adjustment provisions for stock changes and certain cashless‑exercise mechanics. Ownership cap on exercise generally 4.99% (can be adjusted up to 9.99% with notice).
• Company disclosed advanced discussions to potentially acquire a domestic manufacturing supplier for an anticipated purchase price of approximately $115–$125 million; target company revenue ~ $160 million for year ended Dec. 31, 2025. No definitive agreement yet.

Why It Matters
This filing signals a near‑term capital raise that will introduce additional warrants and potential dilution if and when those warrants are exercised; the common warrants carry high exercise prices, indicating longer‑term upside exposure, while the pre‑funded warrants are effectively immediate share equivalents (very low exercise price). The disclosed acquisition talks (if completed) would be a material strategic move to increase vertical integration and supply‑chain capability, but the company stresses no deal is finalized and completion depends on due diligence, approvals and board sign‑off. Retail investors should watch subsequent filings and press releases for final offering size, net proceeds, any changes to warrant terms, and any announcement of a signed acquisition agreement.