Centrus Announces Proposed Public Underwritten Offering of Class A Common Stock and Warrants

Centrus plans a market-dependent equity and warrant raise to fund working capital, debt actions, capital projects and potential acquisitions.

Rhea-AI Summary

Centrus Energy (LEU) has launched a proposed underwritten public offering of Class A common stock, pre-funded warrants and common warrants to purchase Class A common stock. Completion, size and terms of the offering are not yet determined and remain subject to market and other conditions.

The company plans to use net proceeds for general working capital and corporate purposes, which may include technology development and deployment, repayment or repurchase of debt, capital expenditures, and potential acquisitions or other opportunities. Guggenheim Securities is lead book-running manager and Barclays is book-running manager. The securities are registered under an effective shelf registration statement filed with the SEC on November 6, 2025.

Positive

• Proposed equity and warrant offering could raise cash for working capital and corporate purposes
• Use of proceeds may support technology development, deployment and capital expenditures
• Proceeds may be used for repayment or repurchase of outstanding debt

Negative

• Offering of Class A common stock and warrants may dilute existing shareholders if completed

Argus 15 min delay

-4.27% vs previous close $173.75 last price 0.9x rel. volume Open Argus

Details

Market reaction after public stock offering: LEU -4.27%

$169.67 $190.80 Day Range

$3.47B Market Cap

Following this news, LEU has declined 4.27%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 4 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $173.75.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

LEU's active S-3ASR shelf, effective on Nov 6, 2025, covered common stock and warrants; the current ...

Analysis

LEU's active S-3ASR shelf, effective on Nov 6, 2025, covered common stock and warrants; the current proposed offering used that registered securities framework but disclosed no size or terms.

Key Figures

Registration effectiveness: Nov 6, 2025

Registration effectiveness

Nov 6, 2025

Registration statement became automatically effective upon filing

Previous Offering Reports

1 past event · Latest: Nov 06

Same Type 1 event

1. Nov 06

   ATM equity offering

   24h Move

   -14.7%

   ATM program offered up to $1 billion of Class A common stock through sales agents

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten public offering, pre-funded warrants, common warrants

3 terms

underwritten public offering financial

"today announced the launch of an underwritten public offering"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

pre-funded warrants financial

"pre-funded warrants to purchase shares of Class A Common Stock"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

common warrants financial

"common warrants to purchase shares of Class A Common Stock"

A common warrant is a tradable instrument that gives its holder the right to buy a company’s common shares at a fixed price within a set time period, similar to a coupon that can be redeemed later to purchase stock. Investors care because exercising warrants can boost potential gains if the stock rises, but it can also dilute existing shareholders by increasing the number of shares outstanding, which can lower per-share value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BETHESDA, Md., Sept. 9, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus" or the "Company") today announced the launch of an underwritten public offering of shares of its Class A common stock (the "Class A Common Stock"), pre-funded warrants (the "Pre-Funded Warrants") to purchase shares of Class A Common Stock and common warrants (the "Common Warrants") to purchase shares of Class A Common Stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed or as to its actual size or terms.

The Company intends to use the net proceeds from the proposed offering for general working capital and corporate purposes, which may include investment in technology development and deployment, repayment or repurchase of outstanding debt, capital expenditures, potential acquisitions and other business opportunities and purposes.

Guggenheim Securities is acting as lead book-running manager and Barclays is acting as a book-running manager for the proposed offering.

A registration statement relating to these securities was filed with the Securities and Exchange Commission ("SEC") on November 6, 2025 and became automatically effective upon filing. Any offer, solicitation or sale will be made only by means of the preliminary prospectus supplement and the accompanying prospectus. Current and potential investors should read the registration statement, the preliminary prospectus supplement and the accompanying prospectus, including the risk factors described therein and in the documents incorporated by reference therein, and the other documents that Centrus has filed with the SEC for more complete information about Centrus and the proposed offering, which may be obtained free of charge at the website maintained by the SEC at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may be obtained free of charge from Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at (212) 518-9544, or by email at GSEquityProspectusDelivery@guggenheimpartners.com; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer or sale of securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.

About Centrus Energy Corp.

Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.

With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that Centrus can meet America's clean energy, energy security, and national security needs.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which in this context means statements that express Centrus' opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "continue," "might," "possible," "potential," "predict," "project," "goal," "would," "commit," or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding Centrus' intentions, beliefs or current expectations concerning, among other things, the completion, size, terms and timing of the proposed offering and the anticipated use of proceeds therefrom, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Centrus operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks, and uncertainties.

Particular factors that involve uncertainty and could cause Centrus' actual future results to differ materially from those expressed in its forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: its ability to conclude negotiations with its customers; the war in Ukraine and other geopolitical conflicts; its government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU, the government's inability to satisfy its obligations, and its lease to its facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, that may be less cost sensitive than Centrus; limitations on its ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and its dependence on others for deliveries of LEU; and its ability to successfully implement its planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.

Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this press release and in Centrus' filings with the SEC, including under Part I, Item 1A – "Risk Factors" in its most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in its subsequent Quarterly Reports on Form 10-Q, and in its other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect its business. Centrus does not undertake to update its forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by law.

Contacts:

Media — Dan Leistikow
LeistikowD@centrusenergy.com

Investors — Neal Nagarajan
NagarajanNK@centrusenergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-announces-proposed-public-underwritten-offering-of-class-a-common-stock-and-warrants-302874325.html

SOURCE Centrus Energy Corp.

FAQ

What types of securities are included in the Centrus proposed offering?

The proposed offering includes shares of Class A common stock, pre-funded warrants to purchase shares of Class A common stock, and common warrants to purchase shares of Class A common stock.

How does Centrus plan to use the net proceeds from the proposed offering?

Centrus plans to use the net proceeds for general working capital and corporate purposes, which may include investment in technology development and deployment, repayment or repurchase of outstanding debt, capital expenditures, potential acquisitions and other business opportunities and purposes.

Who are the underwriters managing the Centrus proposed offering?

Guggenheim Securities is acting as lead book-running manager and Barclays is acting as a book-running manager for the proposed offering.

Where can investors obtain the preliminary prospectus supplement and prospectus for the Centrus offering?

When available, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained free of charge from Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, telephone (212) 518-9544, email GSEquityProspectusDelivery@guggenheimpartners.com; and from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email barclaysprospectus@broadridge.com or telephone 1-888-603-5847. The documents and the registration statement are also available at the SEC website, www.sec.gov.

Is the Centrus offering guaranteed to be completed?

No. The offering is subject to market and other conditions, and there is no assurance as to whether or when it may be completed or what its actual size or terms will be.